AI Data Insight

The US Personal Consumption Expenditures (PCE) price index for services climbed to 135.578 in the first quarter of 2026, an increase of nearly 1% from 134.251 in the previous quarter, with an annual growth rate reaching 3.64%. Due to stubbornly high core services costs such as transportation and housing, the overall core PCE annual growth rate also exceeded market expectations. Against the backdrop of the US economy maintaining a 2% growth in the first quarter, the warning signs of resurgent inflation have significantly reduced the probability of near-term interest rate cuts by the Federal Reserve.

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