US Treasury yields brace for Fed's preferred inflation gauge

Markets await the PCE price index, with consensus pointing to a 0.3% monthly rise in core readings. The data will test whether recent equity gains hold as traders assess the path for rate cuts.

By Handelsavisen Newsroom · Automated 2026-06-25 06:34 UTC · 1 min read

Wall Street is preparing for a pivotal release of the Personal Consumption Expenditures (PCE) price index, the Federal Reserve’s preferred measure of inflation.

The data point is widely viewed as the most critical input for policymakers as they navigate the balance between cooling price pressures and supporting economic growth.

8%, reflecting the ongoing influence of energy and food prices on the broader index.

Consensus estimates, as surveyed by Bloomberg, point to a 0.3% month-over-month increase in core PCE, with the annual rate holding steady at 3.4%.

Headline PCE is expected to show a year-over-year rise of 3.8%, reflecting the ongoing influence of energy and food prices on the broader index.

Any deviation from these expectations could trigger immediate repricing across fixed-income markets.

The release comes at a sensitive juncture for global markets.