Economist: Core Inflation Indicator PCE Annual Rate Expected to Improve in April

On May 16, the core inflation indicator favored by the Federal Reserve may drop to its lowest level since 2021 in the April data. Economists from Pantheon Macroeconomics and Capital Economics estimate that the core PCE annual rate, excluding the more volatile food and energy prices, may decrease from 2.6% in March to 2.5% in April. This would be the lowest level since March 2021, just before the pandemic-era inflation surge truly began. (Jin10)

BlockBeats previously reported that Federal Reserve Chairman Powell stated today that the April PCE might be around 2.2%.