Inflation rate fell by 0.1% in June; first decrease in six years

Inflation rate fell by 0.1% in June; first decrease in six years

Personal consumption expenditures, the Federal Reserve's preferred marker of inflation, fell for the first time in six years in June, the BEA reports.

PCE Inflation Eased in June

After reaching a three-year high last month, the Federal Reserve’s preferred inflation gauge eased in June following declines in energy prices amid a temporary truce with Iran. This marked the first monthly decline in six years. However, the resumption of conflict and a rebound in oil prices have reignited inflation concerns, suggesting this relief may […]