tldrdailynews.com logo

Fed's Preferred Inflation Gauge Shows Minimal Rise, Spending Drops

1 min read
Source: CNBC
Fed's Preferred Inflation Gauge Shows Minimal Rise, Spending Drops
Photo: CNBC
TL;DR

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-newseconomics#economic-data#economics#federal-reserve#inflation#interest-rates#personal-consumption-expenditures
Share this article
  1. The Fed’s preferred inflation measure rose 0.2% in April, as expected  CNBC
  2. The Fed’s favorite inflation gauge showed little progress last month  CNN
  3. Fed's go-to inflation gauge cooled in April as shoppers slowed spending  Axios
  4. Fed's Favored Inflation Gauge Cools, Spending Unexpectedly Drops  Bloomberg
  5. Inflation Remains Steady, With Signs of Further Cooling  The New York Times

Want the full story? Read the original reporting

Read on CNBC