Core inflation hit an annual rate of 3.3% in April, as expected, Fed’s preferred gauge shows

🇺🇸 CNBC (US) —
Core inflation hit an annual rate of 3.3% in April, as expected, Fed’s preferred gauge shows

AI Summary

Core inflation in the United States reached 3.3% annual rate in April as expected, based on the Fed’s preferred PCE price index gauge. Overall inflation measures 3.8% for all items, indicating persistent inflationary pressures.

The PCE price index for April was expected to show an annual inflation rate of 3.8% for all items and 3.3% for core.

World Markets inflation core inflation PCE index Federal Reserve economic indicator United States

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