May PCE inflation ticks up to highest level since 2023

Macro Impact 4
โดย Yahoo Finance·Read original
Summary · why it matters

The Personal Consumption Expenditures index rose 0.4% month-over-month and 4.1% year-over-year in May. Core PCE, which excludes food and energy prices, rose 0.3% monthly and 3.4% annually, marking the highest level since 2023.

Impact on stocks 3

Artificial Intelligence · 2 stocks
Apple Inc.
AAPL
▼ NegativeMonetaryrelevance

Higher inflation may lead to tighter monetary policy, pressuring growth stocks like Apple.

NVIDIA Corporation
NVDA
▼ NegativeMonetaryrelevance

Higher inflation may lead to tighter monetary policy, pressuring growth stocks like NVIDIA.

Semiconductors · 1 stocks
Micron Technology Inc
MU
▼ NegativeMonetaryrelevance

Higher inflation may lead to tighter monetary policy, pressuring growth stocks like Micron.