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The Fed’s preferred inflation measure rose 0.2% in April, as expected

Inflation rose about as expected in April, with markets on edge over when interest rates might start coming down, according to a measure released Friday that is followed closely by the Federal Reserve.

https://www.cnbc.com/2024/05/31/pce-inflation-april-2024-the-feds-preferred-inflation-measure-rose-0point2percent-in-april.html
PCE inflation April 2024: The Fed’s preferred inflation measure rose 0.2% in April
The personal consumption expenditures price index for April was expected to show an inflation rate of 2.7% over the past 12 months.