"Fed's Key Inflation Measure Slows in April, Prices Stay Sticky"

The Fed's preferred inflation gauge, the core Personal Consumption Expenditures (PCE) index, showed a slower increase of 0.2% in April, aligning with Wall Street expectations and marking the slowest monthly rise in 2024. Despite this, inflation remains sticky, and the Federal Reserve is expected to maintain higher interest rates longer. Economists predict further declines in inflation later this year, potentially leading to a rate cut in September.