NEWS

US Inflation Keeps With Expectation

US inflation rose about as expected in April, with markets on edge over when interest rates might start coming down.
The Commerce Department reported that the Personal Consumption Expenditures (PCE) price index, excluding food and energy costs, increased just 0.2% for the period, in line with the Dow Jones estimate.
On an annual basis, core PCE was up 2.8%, or 0.1 percentage point higher than the estimate.
Including the volatile food and energy category, PCE inflation was at 2.7% on an annual basis and 0.3% from a month ago.
Those numbers were in line with forecasts.
Readers Bureau, Contributor
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