May PCE Inflation Data Release Anticipated Today, Key for Federal Reserve Policy

The Personal Consumption Expenditures (PCE) price index for May 2026 is scheduled for release today, a report closely monitored by investors. As the Federal Reserve's preferred inflation gauge, its findings are crucial for understanding the potential direction of interest rates. Economists are forecasting a 0.5% monthly rise in headline PCE and a 0.3% increase in core PCE.