Reported 6 months ago
Nationwide Chief Economist and Senior Vice President Kathy Bostjancic discusses the impact of the April Personal Consumption Expenditures (PCE) data on potential Federal Reserve rate cuts. The data showed a moderation in economic activity and inflation, with the core PCE reading up 0.2%, a welcome relief compared to higher readings in the first quarter, suggesting at least one Fed rate cut later in the year. This is seen as positive news as the Federal Reserve aims for slightly slower economic activity to lower inflation moving forward.
Source: YAHOO