AI Data Insight
The US core PCE YoY growth rate for May 2026 (Q2 2026) rose to 3.4%, a mild rebound from the previous reading of 3.3% in April, and perfectly aligned with market expectations. Benefiting from personal income growth and the support of core service prices, overall consumption momentum remains resilient. Against the backdrop of sticky inflationary pressures, the Federal Reserve is expected to maintain a "higher for longer" interest rate policy, keeping the probability of short-term rate cuts low.