🔴The core inflation index is expected to reach its lowest level since 2021

🔹According to BlockBeats, the core inflation index preferred 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 core personal consumption expenditures (PCE) rate, excluding 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, before the onset of the inflation increase caused by the pandemic.

🔹Previously, BlockBeats reported that Federal Reserve Chairman Jerome Powell indicated that the PCE index in April could be around 2.2%.