Nick Timiraos, the Fed's mouthpiece: The US core PCE rose 0.13% in June, the most modest monthly increase since March 2025 (annualized rate of 1.6%); the 3-month annualized rate was 2.9% (compared to 2.8% in the same period last year); the 6-month annualized rate was 3.8% (compared to 3.1% in the same period last year); and the 12-month change was 3.3% (compared to 2.8% in the same period last year).
