From Investing.com: 2025-04-30 14:35:00

Personal Consumption Expenditures (PCE) fell to 2.3% in March, the lowest since September 2024, mirroring the drop in the Consumer Price Index (CPI) to 2.4%. Goods prices dropped 0.3% while services increased 3.5% over the past year. Core PCE, excluding food and energy, was 2.6%, in line with estimates. The BEA reported a 3.6% PCE inflation rate for Q1 and a $134.5 billion increase in consumer spending in March. Stocks fell initially but rose after the report, as traders hope for Fed rate cuts, although 93.5% still expect rates to remain the same after the May 7 FOMC meeting.



Read more at Investing.com: Core PCE Cools to 2.6%: A Step Closer to Fed’s Target, But No Pivot Yet