# Data Aligns with Projections

May US Core PCE Data Release Results**

- Previous Value: 2.8%

- Expected Value: 2.6%

- Announced Value: 2.6%

According to Jinshi Data on June 28, the Federal Reserve's preferred inflation metric, the core Personal Consumption Expenditures (PCE) index, showed a slowdown in May. This trend supports the potential for an interest rate reduction later in the year. The core PCE, which excludes the often-volatile food and energy prices, recorded a modest 0.1% month-over-month increase, the smallest gain in six months. On a year-over-year basis, the core PCE price index rose by 2.6% in May, the lowest rate since early 2021. Furthermore, real personal consumption expenditures, adjusted for inflation, increased by 0.3% month-over-month, while personal income experienced a 0.5% month-over-month rise. (Source: Jinshi Data)

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