Pantheon is out with their take on the core PCE for June:

  • See June core PCE at 0.28% which would keep the inflation rate at 2.7%
  • They add that they do see inflation taking up to 0.35% in July due to tariff -related price increases
  • Tehy see core PCE inflation peaking at 3.25% at the end of the year easing in 2026

Note that their estimate for for PCE was 0.35% after the CPI data yesterday.

Source: Forex Live