US Core PCE Inflation Preview: Preferred Federal Reserve indicator crucial for rate hike expectations – by FXstreetNews Inflation UnitedStates SEO Macroeconomics EURUSD
What to expect of the Federal Reserve in the next PCE inflation report?
The annualized Core PCE Price Index for April is forecast to stay unchanged at 4.6%. Moreover, the headline Personal Consumption Expenditures Price Index is expected to rise 0.4% MoM in April, while the annual figure is seen increasing 3.9%, lower than the previous print of 4.2%. Although the US Federal Reserve watches the headline number, officials have said repeatedly that core PCE usually provides a better long-term indicator of where inflation is headed because it strips out prices that can be volatile over shorter time periods.
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