Fed’s favored inflation gauge slows in April while price increases remain sticky
https://i.redd.it/i8b2kx4jgr3d1.png
by yahoofinance
Fed’s favored inflation gauge slows in April while price increases remain sticky
https://i.redd.it/i8b2kx4jgr3d1.png
by yahoofinance
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The latest reading of the Fed’s preferred inflation gauge showed inflation slowed in April as prices increased in line with Wall Street expectations.
The core Personal Consumption Expenditures (PCE) index, which strips out the cost of food and energy and is closely watched by the Federal Reserve, rose 0.2% in April, in line with Wall Street’s expectations but slower than the 0.3% increase seen in March.
Core PCE was up 2.8% over the prior year in April, in line with estimates and unchanged from the[ annual increase seen in the last two months](https://finance.yahoo.com/news/feds-favored-inflation-gauge-shows-price-increases-remained-sticky-in-march-123321592.html). April’s reading marked the slowest month-over-month increase for the index of 2024.