Follow live coverage and analysis of the June PCE report.
Last Updated:
July 25, 2024 at 5:49 PM EDT
Awaiting the Data
The central bank’s preferred gauge of prices—the personal-consumption expenditures, or PCE, price index—is expected to confirm that inflation continues to close in on the central bank’s 2% annual target.
The June PCE price index will be published Friday at 8:30 a.m. ET, as part of the Bureau of Economic Analysis’ personal income and outlays report.
Here’s what economists forecast, according to FactSet:
Headline: 0.1% month-over-month increase and a 2.4% year-over-year increase
Core: 0.2% month-over-month increase and a 2.5% year-over-year increaseShare
Key Events
June PCE Inflation Report: What to Expect
Latest Updates
June PCE Inflation Report: What to Expect
Inflation data coming Friday should give the Federal Reserve another key piece of the evidence it needs to cut interest rates in September.
The central bank’s preferred gauge of prices—the personal-consumption expenditures, or PCE, price index—is expected to confirm that inflation continues to close in on the central bank’s 2% annual target. The June PCE price index will be published Friday at 8:30 a.m. ET, as part of the Bureau of Economic Analysis’ personal income and outlays report.