"Fed Whisperer": April Core PCE Rises Modestly by 0.24% Month over Month, Annualized Rate Still at 2.9%

Odaily Planet Daily News "Fed Whisperer" Nick Timiraos stated that the core PCE price index rose by 0.24% in April. Although this is the mildest month-over-month increase in the past five months for this index, the annualized rate still stands at 2.9%. The 3-month and 6-month annualized core PCE inflation rates are 3.8%, while the 12-month change is 3.3%. (Jinshi)