"Fed's Preferred Inflation Gauge Steady in April"
TL;DR Summary
U.S. inflation remained steady in April, with the PCE price index rising 0.3% month-on-month and 2.7% year-on-year, matching March's figures. Core PCE, excluding food and energy, increased by 0.2% month-on-month. The data suggests that inflation may persist longer than expected, complicating the Federal Reserve's plans to cut interest rates. Market reactions were mixed, with slight gains in stocks and a dip in Treasury yields. Analysts noted that while the inflation data met expectations, weaker consumer spending could impact future economic conditions.
Topics:top-news#consumer-spending#economics#federal-reserve#interest-rates#pce-price-index#us-inflation
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