US March Core PCE Price Index Rises 3.2%, Matching Estimates
JOON HYOUNG LEE
Summary
- The US March core PCE index rose 3.2%% from a year earlier, matching market expectations.
- The core PCE index also rose 0.3%% from the previous month, in line with market expectations.
- The core PCE index is a key gauge the Federal Reserve watches ahead of benchmark interest-rate decisions.
The US core personal consumption expenditures price index matched market expectations in March.
The Bureau of Economic Analysis said April 30 that the March core PCE price index rose 3.2% from a year earlier, in line with a 3.2% estimate compiled by Dow Jones.
The index also rose 0.3% from the previous month, matching market expectations.
The core PCE price index measures prices paid by US consumers for goods and services excluding food and energy. It is a key gauge the Federal Reserve watches ahead of policy decisions, including benchmark interest-rate moves.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
