Key facts
- US core PCE inflation for May may be revised lower.
- Methodological changes by the Bureau of Economic Analysis are causing the potential revision.
- Goldman Sachs estimates the year-on-year core PCE increase could be trimmed to 3.2%.
2 storiesMacro, Rates & FXUS CPI & Core CPI inflation dataFederal Reserve (FOMC) rate decisions
US May Core PCE Inflation May Be Revised Lower Due to Methodology Changes
IN SHORT
US core PCE inflation for May may be revised downward due to methodological changes by the Bureau of Economic Analysis. Goldman Sachs anticipates a potential reduction in the year-on-year increase to 3.2% from the previously estimated 3.4%. Meanwhile, Brazil's central government reported a primary deficit of 40.6 billion reais ($7.4 billion) in May, a 36.2% decrease compared to the previous year and better than market expectations.
Key Numbers
3.2%estimated revised year-on-year US core PCE inflation
3.4%previous year-on-year US core PCE inflation estimate
40.6 billion reaisBrazil's central government primary deficit in May
$7.4 billionBrazil's central government primary deficit in May in USD
36.2%decrease in Brazil's May primary deficit compared to last year
Who's Involved
Bureau of Economic Analysis
US agency calculating price changes for services
Goldman Sachs
Financial institution providing inflation estimates
Brazil's central government
Entity reporting primary deficit figures
