May 2022

The Fed’s favorite inflation measure rose 4.9% in April in a sign that price increases could be slowing

KEY POINTS The core personal consumption expenditures price index, the Fed’spreferred inflation gauge, rose 4.9% from a year ago in April, in linewith estimates and a deceleration from March.Personal income rose slightly less than expected, but spending beatestimates as consumers… Read More »The Fed’s favorite inflation measure rose 4.9% in April in a sign that price increases could be slowing