The United States announced that the annual rate of the core PCE price index in April was 4.7%

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The United States announced that the annual rate of the core PCE price index in April was 4.7%, which was expected to be 4.60%, and the previous value was 4.60%. The core PCE price index in the United States recorded a monthly rate of 0.4% in April, the highest since January 2023. U.S. short-term interest rate futures pared early gains after the inflation data, as traders increased bets on further rate hikes by the Federal Reserve.

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