The April reading of the personal consumption expenditures price index was released earlier today.

The PCE price index for April was expected to show an annual inflation rate of 3.8% for all items and 3.3% for core.

US Personal Consumption Expenditures (PCE) inflation, the Fed’s preferred inflation gauge, is expected to come in hot at 3.8% today. Stock and crypto market participants are closely awaiting PCE data for further cues on Fed interest rate decisions.

By Ann Saphir May 28 (Reuters) - One of new Federal Reserve Chairman Kevin Warsh's favorite inflation measures came in cool again on Thursday, offering evidence for his belief that inflation is improving and against the view of a growing number of other policymakers that interest rate hikes may be needed to tamp down rising price pressures.

The Federal Reserve’s preferred inflation gauge rose 0.4% in April and 3.8% over the past 12 months, the highest annual rate in three years. Core P

This morning’s GDP numbers were very disappointing, with only a 1.6% increase in the first quarter,” said Chris Zaccarelli of Northlight Asset Management.

The Fed’s preferred inflation gauge, the core PCE price index, rose 2.8% year-over-year in November. The headline index was up 2.8% year-over-year, up from 2.7% in October and in line with the forecast. In their latest meeting, the Fed implemented a ...

Core inflation is an inflationary measure that leaves out energy and food, focusing only on items that have fairly predictable price movements. The Federal Reserve prefers using the PCE index over the CPI to track core inflation because it gives a steadier picture of long-term price trends.

The S&P 500 Index remains in a bullish medium-term structure as softer Core PCE, resilient consumer spending, and a pullback in the 10-year yield give equity bulls more room to work. While momentum looks slightly stretched on the 20-brick Renko chart,