Fox Business
28 May 2026, 13:03 UTC · 3h ago
Fed's favored inflation gauge remained elevated in April
Source · https://www.foxbusiness.com/economy/april-2026-pce-inflation
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Fox Business
28 May 2026, 13:03 UTC · 3h ago
Source · https://www.foxbusiness.com/economy/april-2026-pce-inflation
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Story key points
3 claims · impact-rated
The April 2026 PCE price index rose 3.8% year-over-year, an increase from 3.5% in March. — Higher-than-target inflation increases the likelihood that the Federal Reserve will maintain higher interest rates for longer.
-0.60The personal savings rate fell to 2.6% in April, down from 3.2% in March and 5.5% a year ago. — A sharply declining savings rate suggests consumers are struggling to maintain spending, signaling a risk of future consumption drops.
-0.40Core PCE inflation rose 3.3% year-over-year, remaining stubbornly above the Fed's 2% long-run target. — Persistent core inflation confirms that price pressures are not limited to volatile energy/food, complicating the path to rate cuts.
-0.30Ticker attribution
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