Core inflation hit an annual rate of 3.3% in April, as expected, Fed’s preferred gauge shows

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.
CNBC

Core inflation rate hit 3.2% in March as first-quarter growth disappointed at 2%

The core PCE price index, the Fed's preferred inflation gauge, accelerated a seasonally adjusted 0.3% for the month, pushing the 12-month inflation rate to 3.2%. Headline prices rose 0.7%, putting the ...
WWNO

Inflation is up. Americans explain how it's affecting them

Consumer prices surged 3.8% in April from a year ago. That's according to data released today from the Department of Labor. SACHA PFEIFFER, HOST: It's the highest annual reading since May 2023, and it ...

Japan core inflation softens to over four year low, weakening case for BOJ rate hike

Core inflation — which strips out prices of fresh food — was lower than the 1.7% expected by economists polled by Reuters and ...
U.S. News & World Report

Exclusive-Fed's Musalem Says Oil Shock Likely to Keep Core Inflation Near 3%, Rates on Hold for Some Time

WASHINGTON, April 15 (Reuters) - High oil prices are likely to keep underlying inflation nearly a percentage point above the ⁠Federal ⁠Reserve's 2% target for the rest of this year, with the ⁠U.S.
Opinion

Excess Spending Keeps Inflation Above Target In April

The conflict in the Middle East has pushed prices higher this year. The latest data from the Bureau of Economic Analysis suggests the worst of the price hikes may be in the rearview mirror.

Fed Chair Warsh Steps In As Inflation Reignites And The Treasury Market Hints At A Rate Hike

Ahead of Warsh's debut as the top Fed banker, monetary policy is essentially neutral for the first time in 2½ yrs, according ...