The annual rate of core PCE in the United States fell to 2.6% in May, and the US dollar index fell in the short term

TechFlow reported that according to Jinshi Data, the annual rate of the US core PCE price index in May was 2.6%, in line with expectations. The previous value was 2.8%, the smallest increase since March 2021. At the same time, the monthly rate of the core PCE price index in May was 0.1%, the smallest increase since November 2023. After the data was released, the US dollar index DXY fell 21 points in the short term and is now at 105.82. As a result, traders increased their bets on the Fed's interest rate cut.