April PCE Inflation Eases to 2.1%, Consumer Spending Declines
TL;DR Summary
The Federal Reserve's preferred inflation measure slowed to 2.1% in April, while consumer spending sharply declined, indicating cautious consumer behavior amid shifting trade policies and tariffs. Despite a rise in disposable income, spending growth slowed, reflecting economic uncertainty.
- Fed's go-to inflation gauge slows in April, alongside drop in consumer spending Axios
- Inflation rate slipped to 2.1% in April, lower than expected, Fed’s preferred gauge shows CNBC
- Consumer spending slows as Americans pull back amid tariff uncertainty The Washington Post
- The April PCE Inflation Data Are Here. What to Know. Barron's
- PCE Inflation Stayed Subdued in April Amid Trump’s Tariff Limbo The New York Times
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