Data that the Fed attaches great importance to - which will influence the Fed's interest rate decision -:
US Basic PCE Price List (Month) (April): Fcst: 0.3% Advertised: 0.2%
US Core PCE Price Index YoY(Y) (Apr) Fcst: 2.8% Reported: 2.8%
It was below expectations on a monthly basis and within expectations year-on-year. Data is positive for markets.
