Housing Mortgages Information

May PCE Core Deflator Rises Lower-Than-Expected at 0.1%

The Federal Reserve's preferred measure of inflation, the personal consumption expenditures (PCE) core deflator, advanced by 0.1% (0.113%) in May, below expectations and contributing to a year-over- year change of 2.1% (2.139%), according to a report released from the Commerce Department on Friday morning.