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Fed faces challenge as inflation heats up in April.

1 min read
Source: CNBC
Fed faces challenge as inflation heats up in April.
Photo: CNBC
TL;DR

Inflation rose 0.4% in April and 4.7% from a year ago, according to the personal consumption expenditures price index, a gauge closely followed by the Federal Reserve. Despite the higher inflation rate, consumer spending held up well as personal income increased. The report showed that spending jumped 0.8% for the month, while personal income accelerated 0.4%. The higher inflation rate could lead to interest rates staying higher for longer, potentially impacting consumer spending.

Topics:businesseconomy#consumer-spending#economy#federal-reserve#inflation#interest-rates#personal-consumption-expenditures
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  1. Inflation rose 0.4% in April and 4.7% from a year ago, according to key gauge for the Fed  CNBC
  2. April's PCE Inflation Data Comes Today. What to Expect From the Report.  Barron's
  3. The Key Fed Inflation Rate Heated Up In April; S&P 500 Futures Slip | Investor's Business Daily  Investor's Business Daily
  4. Breakevens say US inflation scare over, but Fed won't buy it  ZAWYA
  5. Inflation Inched Higher in April, Reflecting Challenge for the Fed  The New York Times
  6. View Full Coverage on Google News

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