April PCE report: Key inflation data shows slowest monthly core growth of the year
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The April PCE report reveals that key inflation data shows the slowest monthly core growth of the year. The PCE price index, which is monitored by the Federal Reserve to determine interest rates, is the key inflation gauge. The report indicates that core growth in April was slower compared to previous months. The data suggests that inflation may be moderating. The Federal Reserve uses this data to make decisions regarding monetary policy. The report is significant as it provides insights into the state of the economy and inflation trends.

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https://www.marketwatch.com/livecoverage/april-pce-report-key-inflation-data-may-show-slowest-core-growth-of-the-year