US core PCE inflation cools to 2.5%, income surges - Action Forex

Core PCE Fell In April To Lowest Since April 2021, +2.5% YoY (Fed M2 Money Printing UP 4.3% YoY)

The Fed’s favorite inflation indicator – Core PCE – fell once again in April to its lowest since April 2021 at +2.5% YoY. And The Fed keeps on printing money! Supercore inflation is down to -0.023 MoM. The Fed is thinking that they can help.

US core PCE inflation cools to 2.5%, income surges - Action Forex

US headline PCE price index rose 0.1% mom in April, in line with expectations, while annual inflation slipped from 2.3% yoy to 2.1% yoy, below the consensus of 2.2%. Core PCE, Fed’s preferred inflation gauge, also rose 0.1% mom and slowed from 2.6% yoy to 2.5% yoy, matching expectations. The data supports the view that […] The post US core PCE inflation cools to 2.5%, income surges appeared first on Action Forex.