🚨TODAY: The PCE falls for FIRST TIME since pandemic. U.S. PCE inflation cooled in June, with headline prices falling 0.1% and core prices rising just 0.1%. However, annual inflation remains elevated at 3.7% headline and 3.3% core, supporting a Fed hold rather than near-term rate cuts. Lower oil prices following a temporary truce with Iran was the chief source of falling prices.(Coin Bureau)