The US announced that the core PCE price index for April was 2.8% year-on-year, in line with expectations and the previous value of 2.80%. The adjustment of the Fed's preferred inflation indicator in April was in line with expectations, confirming the lack of progress in controlling price growth in early 2024. The US Bureau of Economic Analysis reported on Friday that the personal consumption expenditures price index rose 0.3% in April as expected, and rose 0.3% and 0.3% in March and February, respectively. The year-on-year change rate of the overall personal consumption expenditures price index was 2.7%. The Fed's annual inflation target is 2%.