The Fed’s preferred inflation metric showed some relief for consumers in April, according to the Bureau of Economic Analysis…(BEA)
- Y-O-Y: The PCE price index for April was 6.3% when compared to one year ago, this is down from 6.6% the month before.
- M-O-M: The PCE index index was up 0.2% when compared to the prior month, this is down from the 0.9% jump reported in March.
NOTE: Core PCE fell under 5% to 4.9% in April.