US Core PCE Price Index Annual Rate in April Hits Lowest Since March 2021

The US core PCE price index annual rate for April recorded 2.5%, marking a new low since March 2021, with market expectations at 2.5%. The US core PCE price index monthly rate for April was 0.1%, expected at 0.10%, with the previous value revised from 0.00% to 0.1%. The US personal spending monthly rate for April was 0.2%, expected at 0.20%, with the previous value at 0.70%. (Jin10)