The US first-quarter Core PCE Price Index annualized quarter-over-quarter rate posted a preliminary reading of 3.5%, reaching a new high since the first quarter of 2024.

BlockBeats News, April 30th: The initial reading for the US first-quarter Core PCE Price Index annualized rate was 3.5%, surpassing the expected 3.3% and the previous value of 2.60%.

The initial reading for the US first-quarter Core PCE Price Index annualized rate hit 3.5%, reaching a new high not seen since the first quarter of 2024. (Xinhua Finance)