Dallas Fed Trimmed Mean +1.4% vs +2.7% in May

The Dallas Fed Trimmed Mean PCE price index was releases and it came in at +1.4% vs 2.7% last month. That is much lower than the headline PCE which came in at 3.7% and the core PCE at 3.3%. it is also the lowest level going back to 2020. That is good news. What is the difference…