Understanding the PCE Data
The U.S. Bureau of Economic Analysis recently released the PCE inflation data, a crucial indicator used by the Federal Reserve to gauge inflation. This data showed a 0.3% increase in April, which was in line with what analysts had predicted. On a year-over-year basis, the headline PCE inflation rate stood at 2.7%, matching the forecasts and providing a much-needed sense of stability for investors.·
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