Fed's Preferred Inflation Measure Rises at Slowest Pace This Year
TL;DR Summary
The Fed's preferred inflation measure, the PCE price index, showed no progress in April, remaining flat at 0.3% for the month and 2.7% for the year. Real income and spending were negative, indicating a weakening economy. Personal income increased slightly, but real disposable personal income and real personal consumption expenditures both decreased. The economic slowdown continues, driven by declining income and consumer spending.
- The Fed's Preferred Inflation Measure, PCE, Shows No Further Progress Mish Talk
- The Fed Might Soon Have to Worry About More Than Just Inflation The Wall Street Journal
- The Fed’s preferred inflation measure rose 0.2% in April, as expected CNBC
- Stocks Are Mixed After PCE Inflation Data. What Could Come Next. Barron's
- An inflation gauge closely tracked by Federal Reserve rises at slowest pace this year The Associated Press
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