Summary
- The US core PCE price index for April rose by 2.5% year-on-year, matching market expectations.
- Core PCE, which excludes volatile food and energy prices, increased 0.1% from the previous month, in line with experts’ expectations.
- This indicator is cited as a key metric by the Fed in determining the base interest rate.
The United States’ core Personal Consumption Expenditures (PCE) price index for April matched the market expectation (2.5%).
According to data released by the Bureau of Economic Analysis (BEA) of the Department of Commerce on the 30th (local time), the US core PCE for April increased by 2.5% year-on-year, matching market expectations. On a month-on-month basis, it also rose by 0.1%, aligning with experts’ forecasts (0.1%).
Core PCE is an index that excludes volatile food and energy prices. It is considered a major indicator referenced by the Fed when considering policy decisions such as the base interest rate.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
