Reported 4 months ago
April's Personal Consumption Expenditures (PCE) report in the US was in line with expectations, showing a 0.2% month over month and 2.8% year over year rise in core PCE. Analysts are closely watching this as an indicator for the next interest rate decision by the Federal Reserve, with futures markets responding positively to the news. Despite meeting expectations, concerns remain about inflation levels not reaching the desired target, particularly when considering factors like the super core PCE, which excludes housing costs and has shown significant year over year increases.
Source: YAHOO