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"Fed Whisperer": April Core PCE Rose a Moderate 0.24% Month-over-Month, Annualized Rate Remains at 2.9%
Svmuu News "Fed Whisperer" Nick Timiraos stated that the core PCE price index rose 0.24% in April. While this is the most moderate month-over-month increase in the past five months, the annualized rate remains at 2.9%. The 3-month and 6-month annualized core PCE inflation rates are 3.8%, while the 12-month change stands at 3.3%. (Jin Shi)
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