Fed's Favorite Inflation Gauge Hits 3.8%, Highest Since May 2023 (UPDATED)
The Federal Reserve's preferred PCE inflation gauge rose to 3.8% year-over-year in April, the highest since May 2023, driven primarily by energy price spikes from Strait of Hormuz disruptions. However, core PCE and supercore measures showed cooling, which markets interpreted as less hawkish than feared, leading to rallies across equity futures and declines in Treasury yields and the dollar.
https://www.benzinga.com/markets/macro-economic-events/26/05/52835775/us-pce-inflation-report-april-2026?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel