"The Federal Reserve's megaphone": Core PCE inflation begins to deteriorate, not better than when the Federal Reserve started cutting interest rates last year

ChainCatcher message, "Fed's mouthpiece" Nick Timiraos posted on social media that: (in June) core PCE inflation seems to be starting to worsen, not better than when the Fed began cutting rates last year, and in some indicators, it is even worse.

The core PCE price index for June has a 3-month annualized rate of 2.6% (compared to 2.3% in the same period last year). Calculated on a 6-month annualized basis, this figure is 3.2% (compared to 3.3% in the same period last year).