<ul><li>The PCE Price Index reported a steady month-over-month inflation rate of 0.1% and a year-over-year rate of 2.1%.</li><li>The Core PCE Price Index, excluding volatile food and energy prices, also remained stable at 0.1% month-over-month and 2.5% year-over-year.</li><li>Consumer expectations for inflation are decreasing, with the University of Michigan reporting lower short-term and long-term inflation forecasts than anticipated.</li><li>Despite the positive inflation data, expectations for a rate cut at the upcoming June 18 FOMC meeting are low, with only 5% of users betting on a rate decrease.</li></ul>

Fed’s Preferred Inflation Gauge Holds Steady—Is A Rate Cut Still On The Table?

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