AI Data Insight
The latest seasonally adjusted US Personal Consumption Expenditures (PCE) for May reached $22,184.1 billion, an increase of approximately 0.56% from the previous month, continuing to set new historical highs. Although slightly different from the 0.7% initially reported by external markets, the actual data still highlights consumer resilience under the dual pressures of high inflation and high interest rates. However, with the savings rate bottoming out and surging energy prices, future consumption momentum faces downside risks.