Headline, core PCE inflation ease in May, as expected
Headline – May PCE Price Index: +0.0% M/M vs. +0.0% consensus and +0.3% in April.
+2.6% Y/Y vs. +2.6% expected and +2.7% prior.
Core – PCE Price Index: +0.1% vs. +0.1% expected and +0.3% prior (revised from +0.2%).
+2.6% Y/Y vs. +2.6% expected and +2.8% prior.
10-year treasury yield lower at 4.276%
S&P 500 Futures up 0.4%
Breadth in the market was better the past few days, hopefully with these inflation numbers the broader rally should continue.