May Core PCE at 4.7%, S&P 500 Bruised Despite Better-than-Expected Inflation Data
U.S. May core PCE falls on a year-over-year basis, cooling to 4.7% from April’s 4.9%, but fails to improve market sentiment amid growing recession fears.
U.S. May core PCE falls on a year-over-year basis, cooling to 4.7% from April’s 4.9%, but fails to improve market sentiment amid growing recession fears.