PCE Data Shows 0.3% MoM Inflation, 2.8% YoY Headline and 3.1% Core YoY

The latest Personal Consumption Expenditures (PCE) report shows month-over-month inflation at 0.3%, matching expectations. Headline PCE came in at 2.8% year-over-year, below the forecast of 2.9%. Core PCE recorded 3.1% on a yearly basis, in line with the expected 3.1%.