Odaily Planet Daily News: Some analysts said they expect core PCE inflation in May to record the slowest increase so far this year, which is good news for policymakers. Falling gasoline prices and generally declining commodity inflation will limit economic growth. But this may only provide a temporary respite for the Fed, as spending categories with sticky inflation continue to put upward pressure on inflation indicators, and unfavorable base effects are expected in the second half of this year. Analysts said their estimate is that the core PCE month-on-month rate will slow to 0.10% in May, the lowest level so far this year. The core PCE annual rate should fall to 2.6%, the lowest level since March 2021. In addition, the overall PCE month-on-month rate will barely approach 0.1%, and the year-on-year growth rate will reach 2.6%. (Jinshi)
