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U.S. PCE inflation fell 0.1% in June, its first monthly decline since 2020.

MarketWatch · 3 months ago

The PCE index, the main inflation barometer used to set U.S. interest rates, fell 0.1% in June.
The June decline was the first monthly drop in the PCE index since 2020.
Lower oil prices following a temporary truce with Iran were the chief source of the decrease in prices.

Sources

Fed-favored PCE inflation gauge falls for first time since pandemic, but danger far from overMarketWatch