🔴🔴 SUDDENLY BREAKING ALERT 🔴🔴
### Major Announcement Incoming! ###
In approximately 30 minutes, the United States is scheduled to release its May Personal Consumption Expenditures (PCE) data, a crucial inflation indicator closely watched by the Federal Open Market Committee (FOMC).
Advance forecasts suggest that the upcoming data may bring relief to the current bear market, indicating promising inflation trends.
According to comprehensive predictions based on unpublished US Commerce Bureau data, the overall month-on-month PCE growth rate is expected to remain unchanged from the previous month, a first in 23 years. Moreover, the core PCE, which excludes volatile categories like food and energy prices, is projected to show its lowest year-on-year growth rate since March 2021, when it initially surpassed the FOMC's 2% target.
Additionally, personal income and consumer expenditure data from the Commerce Bureau predict month-on-month increases of 0.4% and 0.3%, respectively. If these forecasts prove accurate, it will mark a significant milestone in the US's efforts to combat inflation.
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