US headline inflation cooled in June 2026 with the PCE declining 0.1% from the previous month and the annual rate slowing to 3.7% from 4.1%.

Inflation fell last month for the first time in six years, new data showed Thursday, but the seemingly welcome reading is likely a temporary blip.

PCE inflation gauge falls for the first time since the pandemic. Rate cut by December 2026 at 10.5% YES.