The Federal Reserve's favorite inflation indicator continues to cool, with the March core PCE price index year-on-year at 2.65%, lower than the previous value
In March, the core PCE price index in the United States fell year-on-year to 2.65%, lower than the previous value of 2.8%, and remained flat month-on-month at 0%. Personal income increased by 0.5% month-on-month, exceeding the expected 0.4%; personal consumption expenditures rose by 0.7% month-on-month, also higher than the expected 0.6%
On April 30th, Wednesday, data released by the U.S. Department of Commerce showed that the Federal Reserve's favorite inflation indicator continues to cool.
The U.S. core PCE price index for March was 0% month-on-month, expected at 0.1%, with a previous value of 0.4%.
The U.S. core PCE price index for March was 2.65% year-on-year, expected at 2.6%, with a previous value of 2.8%.
U.S. personal income for March increased by 0.5% month-on-month, expected to increase by 0.4%, with a previous increase of 0.8%.
U.S. personal consumption expenditures (PCE) for March increased by 0.7% month-on-month, expected to increase by 0.6%, with a previous increase of 0.4%.
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