PCE inflation likely around zero last month

The Fed looks carefully at this measure. Given the trends in wholesale prices, which feed into the PCE measure, the Fed is likely to start lowering interest rates within a month or two. This should be very good for markets, including housing.


BTW, even financial writing gets screwed up ...

quote:

The PCE index, the Fed’s preferred U.S. inflation gauge, is forecast to show no change in May. If so, it would be the first time in six months that inflation didn’t go up.

Should read, "the first time in six months that prices didn't go up."