Fed’s Favorite Inflation Gauge Slows More than Expected in June, US Dollar Subdued
PCE REPORT KEY POINTS:June U.S. consumer spending climbs 0.5% m-o-m in June, slightly above forecastsCore PCE rises 0.2% on a monthly basis, bringing the annual rate to 4.1%, one-tenth of a percent below market estimatesThe U.S. dollar…