U.S. PCE inflation hits three-year high of 3.8 percent
The U.S. PCE price index rose 3.8% in April, the largest annual gain in three years. This surge cements views that the Fed will hold rates steady into 2027.
Xurve View
Xurve View
The United States PCE Price Index rose 3.8% annually in April, marking the fastest inflation growth in three years. This figure climbed from 3.5% in March as energy costs surged following the conflict with Iran. Financial markets expect the U.S. central bank will keep its benchmark overnight interest rate in the 3.50%-3.75% range into 2027.
