Odaily Planet Daily News: The Fed's preferred measure of potential U.S. inflation slowed in May, supporting the Fed's interest rate cuts later this year. The core PCE, which excludes volatile food and energy items, rose 0.1% month-on-month, the smallest increase in six months. The U.S. core PCE price index rose 2.6% year-on-year in May, the lowest level since early 2021. Real personal consumption expenditures adjusted for inflation rose 0.3% month-on-month, and personal income rose 0.5% month-on-month. (Jinshi)