In April there was a $47.8 billion increase in current-dollar PCE - comprised of a $55.8 billion rise in spending on services partially offset by an $8 billion decrease in spending for goods.

The Fed’s preferred measure of inflation, Personal Consumption Expenditures (PCE), are out for the month of April. Results were positive across the board — eyebrow-raisingly so, in some cases.

The Federal Reserve's preferred measure of inflation continued to inch toward its 2% target last month, but the impact of higher tariffs have yet to reflect meaningfully in government data. The ...

The Fed’s preferred inflation gauge, the core PCE price index, rose 2.5% year-over-year in April, marking the lowest level for the index in over four years.

The comment came during her appearance on Maria Bartiromo’s Wall Street on Fox Business, where she was talking about the 2.1% rise in April’s personal consumption expenditures (PCE) price ...

Inflation in April fell to 2.1%, its lowest annual increase since September, and nearly to the Federal Reserve's goal of a 2% annual rate. April may be the low point for inflation for a while, as ...

PCE inflation for goods was steady in April 2024 at 0.1%, like in March. Within goods, the durable goods dipped deeper into negative from -1.9% to -2.2% while the inflation in non-durable goods ...

The core PCE price index, which excludes food and energy prices, was up 0.2% in April and 2.8% from a year earlier. Food prices fell 0.2% during the month, while energy prices rose 1.2%.

April's PCE print "is still not good enough'' and "not a big enough step" to suggest inflation is going to be on track for 2%, said economist Chris Low of FHN Financial in New York. Though the ...