Fed's Preferred Inflation Gauge Shows Minimal Rise, Spending Drops
TL;DR Summary
The Federal Reserve's preferred inflation measure, the personal consumption expenditures (PCE) price index excluding food and energy, rose 0.2% in April, aligning with expectations. Core PCE increased 2.8% annually, slightly above estimates. Despite the modest rise, the data suggests inflation remains persistent, leading to cautious market reactions and reduced expectations for imminent interest rate cuts.
Topics:top-news#economic-data#economics#federal-reserve#inflation#interest-rates#personal-consumption-expenditures
- The Fed’s preferred inflation measure rose 0.2% in April, as expected CNBC
- The Fed’s favorite inflation gauge showed little progress last month CNN
- Fed's go-to inflation gauge cooled in April as shoppers slowed spending Axios
- Fed's Favored Inflation Gauge Cools, Spending Unexpectedly Drops Bloomberg
- Inflation Remains Steady, With Signs of Further Cooling The New York Times
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