The core inflation index is expected to reach its lowest level since 2021. According to BlockBeats, the core inflation index, which is favored by the Federal Reserve, is expected to drop to its lowest level since 2021 in April data. Economists from Pantheon Macroeconomics and Capital Economics estimate that the annual rate of core personal consumption expenditures (PCE), excluding volatile food and energy prices, may decrease from 2.6% in March to 2.5% in April. This represents the lowest level since March 2021, just before the onset of pandemic-induced inflation.
