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A key measure of US inflation rose in April

As noted, the PCE price index rose 4.4% last month from the same period a year earlier. In March, the value of the PCE was 4.2% and in February it reached 5.1%. It was the first time since January that the value of the PCE rose.

It is believed that this could prompt the Federal Reserve Bank (FED) to raise interest rates again at its next meeting in June. Analysts are watching the speeches of Fed monetary policy officials closely for clues as to how bank officials are interpreting the latest economic data. Some members of the Fed’s Federal Open Market Committee (FOMC), including Mr. Powell, have said the rate hikes so far may be enough to rein in inflation, but other officials have indicated they would welcome the possibility of an increase. the standards again.

Traders believe the Fed should raise interest rates at its next meeting, according to data from the CME Group.

Source: The Delfi





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