April Core PCE Inflation Expected to Show Moderate Increase

According to BlockBeats, Wall Street Journal reporter Nick Timiraos, known for his insights into Federal Reserve matters, shared on social media that a predictive model mapping CPI and PPI to PCE suggests a significant drop in portfolio management services within the April Producer Price Index (PPI). This decline is anticipated to result in another moderate core Personal Consumption Expenditures (PCE) inflation reading. The core PCE for April is expected to grow by approximately 0.13%. However, due to potential upward revisions of March data, the year-over-year growth rate of core PCE might remain around 2.6%.