What to Watch: June PCE Price Index

The Bureau of Economic Analysis releases June PCE price index data at 8:30 a.m. ET on Thursday, July 30, simultaneously with the Q2 GDP advance estimate. For anyone tracking the Federal Reserve's rate path into the fall, this is the print that matters. PCE is the Fed's preferred inflation gauge, and it arrives one day after the FOMC concluded its July meeting. Key Takeaways Consensus expects headline PCE to fall 0.1% in June, which would be the first monthly decline in several months, per MarketWatch/Dow Jones Newswires (sourced July 26, 2026). Year-over-year headline is expected at +3.7%, down from May's +4.1%, but still 170 basis points above the Fed's 2% target. Core PCE consensus sits at…
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