Key Inflation Rate , Hits Lowest Annual Level , in Almost 2 Years.br CNBC reports that inflation continued br to show signs of cooling in June, br in line with Dow Jones estimates.br CNBC reports that inflation continued br to show signs of cooling in June, br in line with Dow Jones estimates.br According to the Commerce Department, br the personal consumption expenditures (PCE) br price index increased just 0.2 from May. .br Compared to the same time in 2022, br the PCE index rose 4.1, slightly lower br than the 4.2 previously estimated.br CNBC reports that the annual br rate marks a significant decrease br from the 4.6 pace in May. .br After the newest PCE index was released, br markets reacted positively, with futures br inching higher and Treasury yields lower. .br Today’s economic releases reaffirm br the current market narrative that br inflation is cooling and economic br growth is continuing, which is a br favorable environment for risk assets. , George Mateyo, chief investment officer at Key Private Bank, via CNBC.br The Fed and investors will take comfort br in these numbers as they suggest that the br inflation threat is dissipating and thus the br Fed may now be able to go on vacation br and assume an extended pause with br respect to future interest rate increases, George Mateyo, chief investment officer at Key Private Bank, via CNBC.br CNBC reports that the PCE index reflects br that prices have begun to ease following br 2022’s soaring inflation rates. .br The news comes just two days after the Federal Reserve, br which closely monitors the PCE index, announced br another quarter percentage point interest rate hike. .br The news comes just two days after the Federal Reserve, br which closely monitors the PCE index, announced br another quarter percentage point interest rate hike. .br The increase took the central bank’s key br borrowing rate to its highest level in br over 22 years, reaching 5.25 to 5.5.