The US Core PCE Annual Rate is higher than expected.

In June, the core PCE price index in the United States recorded an annual rate of 2.8%, which is the highest since February, while market expectations were for 2.7%. The annual rate for the overall PCE price index in June was 2.6%, exceeding expectations of 2.50%, and the previous value was revised from 2.30% to 2.4%. The monthly rate for the PCE price index in the United States in June was 0.3%, matching expectations of 0.30%, and the previous value was revised from 0.10% to 0.2%. The monthly rate for the core PCE price index in the United States in June was 0.3%, in line with expectations of 0.30%, and the previous value was 0.20%. The annual rate for the core PCE price index in the United States in June was 2.8%, exceeding expectations of 2.70%, and the previous value was revised from 2.70% to 2.8%.