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US Economics: May Core PCE tracking0.39%MoM after CPI-20260610
Citi· 2026-06-10 22:09
Flash | 10 Jun 2026 09:11:32 ET │ 7 pages US Economics May Core PCE tracking 0.39%MoM after CPI CITI'S TAKE Based on details of a 0.21% increase in core CPI, we are tracking a 0.39%MoM increase in core PCE, up from 0.37% but highly dependent on details of PPI data tomorrow. Most notably, an 8% increase in portfolio management fees with rising equity prices is boosting our estimate for May core PCE. Weaker motor vehicle insurance in CPI will not enter PCE the same way. Shelter inflation was a bit stronger th ...