U.S. core PCE inflation expected to be slightly lower in April than in March

According to Jinshi, the other major inflation report this month is the US PCE data, which is also the target of the Federal Reserve. The data will be released at the end of the month. Based on today's CPI and yesterday's PPI, Morgan Stanley economists expect core PCE inflation to increase by 0.247% in April, slightly lower than 0.32% in March. Omair Sharif, an analyst at Inflation Insights, believes that core PCE inflation will record 0.2%. In either case, the year-on-year growth rate will decline, marking the Fed's continued progress, although not as fast as policymakers would like.