From Barron’s: 2025-04-30 10:12:00

In March, the core personal consumption expenditures price index remained steady, contrary to expectations of a slight increase. The headline PCE also showed no significant change as predicted.

The stock market took a hit, with the S&P 500 down 1.8%, Nasdaq Composite down 2.4%, and the Dow falling by 630 points (1.6%). Nasdaq dropped even further, around 2.9%, prior to the release.

Read more: PCE Inflation Report Mostly In Line With Expectations