MNI BRIEF: Canadians Fuzzy On How BOC Hikes Slow CPI, Government's Role

CANADA FLASH MAY GDP +0.1% ON FACTORIES AND REAL ESTATE

MNI China Daily Summary: Friday, June 28

MNI BRIEF: BCB Evaluating Real Depreciation Impacts - Galipolo

MNI BRIEF: PBOC Pledges to Curb Any Overshoot Of The Yuan: MPC

MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

MNI: BAKER HUGHES US RIG COUNT 581; OIL RIGS 479; GAS RIGS 97

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK Bond Supply Calendar: BoE APF on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: US April Core PCE YoY Rate Lowest In 3 Years

(MNI) WASHINGTON
USCentral Bank NewsPolicy NewsFederal ReserveBriefStoryRegionNorth America

The Federal Reserve's preferred measure of inflation, the PCE price index, was 0.257% in April and 0.249% excluding food and energy prices, in line with analyst expectations. From a year ago, inflation was 2.7% in April and core inflation was 2.8%, the lowest since March 2021, the Bureau of Economic Analysis said Friday. Personal income rose 0.3% in the month and spending grew 0.2%.

Fed officials have said in recent days inflation appears to be continuing its downward trend after the first three months of the year, bolstering their view that interest rates are well positioned. Still, there are also policymakers who worry policy might not be sufficiently restrictive. (See: MNI INTERVIEW: Fed's Next Move Could Still Be A Hike-Posen)

120 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The Federal Reserve's preferred measure of inflation, the PCE price index, was 0.257% in April and 0.249% excluding food and energy prices, in line with analyst expectations. From a year ago, inflation was 2.7% in April and core inflation was 2.8%, the lowest since March 2021, the Bureau of Economic Analysis said Friday. Personal income rose 0.3% in the month and spending grew 0.2%.

Fed officials have said in recent days inflation appears to be continuing its downward trend after the first three months of the year, bolstering their view that interest rates are well positioned. Still, there are also policymakers who worry policy might not be sufficiently restrictive. (See: MNI INTERVIEW: Fed's Next Move Could Still Be A Hike-Posen)