US PCE Inflation in April
- PCE Y/Y: 3.8% (Forecast = 3.8%, previous = 3.5%)
- PCE M/M: 0.7% (Forecast = 0.7%, previous = 0.4%)
- Core PCE Y/Y: 3.3% (Forecast = 3.3%, previous = 3.2%)
- Core PCE M/M: 0.4% (Forecast = 0.7%, previous = 0.5%)
The Fed's preferred measure of inflation is back on an upward trend, reaching its highest level since May 2023. This figure is also nearly double the Fed's 2% target. (Article by 5 Minute Crypto)
