Reported 4 months ago
U.S. inflation remained steady in April, with the Personal Consumption Expenditures (PCE) price index increasing by 0.3% last month, matching the gain in March. The year-on-year PCE price index rose by 2.7%, while core PCE, excluding food and energy prices, rose by 0.2% month to month, less than expected. The report has implications for the U.S. central bank regarding interest rate cuts, with market reactions signaling a positive opening on Wall Street and mixed reactions in bonds and forex markets. Economists and market analysts comment on the report's impact on inflation, consumer spending, and the Federal Reserve's potential rate cuts.
Source: YAHOO