AI Data Insight
The latest May US PCE Services Price Index (seasonally adjusted) for the second quarter (Q2) of 2026 rose to 137.033, growing by about 0.5% from the previous month. Affected by Middle East geopolitics and the spillover of energy prices, overall inflation hit a nearly three-year high. The increased stickiness in service prices puts the Federal Reserve's (Fed) monetary policy under pressure again.