美联储最爱的通胀指标略超预期，消费者支出意外降温！

Group 1 - Recent inflation data in the U.S. shows a moderate trend, with the core PCE price index for May at 2.7%, exceeding expectations and marking the highest level since February 2025 [1] - Personal spending in May decreased by 0.1%, the largest drop since the beginning of the year, indicating increasing uncertainty around economic policies [1] - Following the data release, traders expect the Federal Reserve to begin cutting interest rates in September, with increased bets on three rate cuts by 2025 [1] Group 2 - The core PCE report is viewed unfavorably, with core prices rising more than expected and signs of weak income and spending [3] - Federal Reserve officials are divided on the timing and extent of potential rate cuts, influenced by differing views on the impact of tariffs on inflation and labor market resilience [3][4] - Fed Chair Powell maintains a patient stance before any rate cuts, citing no clear signs of labor market weakness and uncertainty regarding the effects of tariffs on the economy [4]