Published by
The Street
The Street
By Martin Baccardax The Federal Reserve’s preferred measure of U.S. inflation eased further from multi-decade highs last month, data indicated Friday, adding to investors hopes that consumer price pressures have peaked in the world’s biggest economy. The April core PCE Price Index rose 4.9% from last year, easing from the highest levels since 1983, and 0.3% on the month, the Bureau of Economic Analysis reported, a figure that was largely in line with Wall Street forecasts and continues to indicate signs of easing consumer price pressures. The March increase estimate was confirmed at 0.3%. The …
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