INFLATION IS STILL COOLING - SUPER CORE SERVICES INFLATION IS THE STICKIEST

Summary from the TLDR Marketing newsletter

The personal consumption expenditures (PCE) index rose 0.1% in June, with a YoY measure of 2.5%, the lowest since early 2024. Goods prices decreased due to lower energy costs, while service sector prices continued to rise. Real disposable incomes increased by 0.1%, and personal consumption expenditures rose by 0.2%, indicating a preference for goods over services. Low-income households have depleted their pandemic savings, contributing to ongoing financial stress.