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"Fed's Preferred Inflation Gauge Shows Minimal Progress Amid Mixed Market Reactions"

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Source: CNN
"Fed's Preferred Inflation Gauge Shows Minimal Progress Amid Mixed Market Reactions"
Photo: CNN
TL;DR

The Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures (PCE) price index, showed little progress in April, maintaining the same annual rate of 2.7% as in March. While food prices fell, gas prices rose, and core PCE inflation, excluding food and energy, slowed slightly. Consumer spending and disposable income gains also cooled, indicating a slowdown in economic activity. The Biden administration highlighted progress in reducing inflation, but economists suggest that more favorable reports are needed before the Fed considers cutting interest rates.

Topics:top-newseconomics#consumer-spending#economic-policy#economics#federal-reserve#inflation#personal-consumption-expenditures
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  1. The Fed’s favorite inflation gauge showed little progress last month  CNN
  2. The Fed Might Soon Have to Worry About More Than Just Inflation  The Wall Street Journal
  3. The Fed’s preferred inflation measure rose 0.2% in April, as expected  CNBC
  4. Stocks Are Mixed After PCE Inflation Data. What Could Come Next.  Barron's
  5. Fed's Favored Inflation Gauge Cools, Spending Unexpectedly Drops  Bloomberg

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