Economists: The April core inflation indicator PCE year-on-year is expected to improve

BlockBeats news, on May 16, the core inflation indicator favored by the Federal Reserve may fall to its lowest level since 2021 in the April data. Pantheon Macroeconomics and Capital Economics economists estimate that the core PCE year-on-year rate, excluding volatile food and energy prices, may drop from 2.6% in March to 2.5% in April. This would be the lowest level since March 2021, just before the inflation surge at the beginning of the pandemic. (Jinshi)

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