Economist: April Core PCE Inflation Rate Expected to Improve

BlockBeats News, May 16th, the Fed's favored core inflation gauge may have dropped to its lowest level since 2021 in April data. Pantheon Macroeconomics and Capital Economics economists estimate that, excluding volatile food and energy prices, the core PCE annual rate may have dropped from 2.6% in March to 2.5% in April. This would be the lowest level since March 2021, just before the inflation surge during the pandemic truly began. (FXStreet)

BlockBeats previously reported that Fed Chair Powell today stated that April PCE could be around 2.2%.