From Investing.com: 2024-04-26 07:53:00

The first-quarter report showed slower growth and hotter inflation than expected, causing stocks to fall and US Treasury yields to rise. While the annualized core PCE price index spiked to 3.7% in Q1, the year-over-year basis eased to 2.9%, the slowest in three years. The debate now centers on which measure is more accurate, but historical data suggests the annualized figure may be noise compared to the trend. Until the trend stops falling or turns up, disinflation is expected to continue. Despite recent hot inflation data, disinflation is still the prevailing trend until proven otherwise.



Read more at Investing.com: Longer-Term Disinflationary Trend Could Still Be on Track Despite Hot Q1 Data