Economist: April Core Inflation Indicator PCE Annual Rate Expected to Improve

According to BlockBeats, on May 16th, the core inflation indicator favored by the Federal Reserve may drop to its lowest level since 2021 in April data. Pan Sen Macro and Capital Economics economists estimate that excluding volatile food and energy prices, the core PCE annual rate may decrease from 2.6% in March to 2.5% in April. This will be the lowest level since March 2021, just before the inflation surge during the pandemic truly began. (Golden Ten) BlockBeats previously reported that Federal Reserve Chairman Powell stated today that the PCE for April may be around 2.2%.