US core PCE inflation ticks up 0.1% in June, slightly below expectations

The Federal Reserve’s preferred inflation gauge showed modest cooling, offering limited relief to traders pricing in the path for interest rates after a period of sticky price pressures.

By Handelsavisen Newsroom · Automated 2026-07-30 12:36 UTC · 1 min read

The US core Personal Consumption Expenditures (PCE) price index rose 0.1% in June, according to data released by the Bureau of Economic Analysis.

The monthly increase came in slightly below market expectations, signaling a marginal deceleration in underlying inflationary pressures after a period of elevated readings.

The headline figure provides a nuanced signal for Federal Reserve policymakers.

While the month-over-month rise indicates that price pressures have not fully dissipated, the miss against consensus estimates suggests that the disinflationary process may be stabilizing.

This data point is critical as markets assess the likelihood of further rate adjustments in the coming months.

Context from previous months highlights the significance of this release.