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Jason Furman: Core PCE inflation remains elevated despite missing forecasts

Jason Furman: Core PCE inflation remains elevated despite missing forecasts
Core PCE inflation below forecasts

Jason Furman reports that core Personal Consumption Expenditures (PCE) inflation in April was below expectations but still at elevated levels.

Annualized rates were 2.9% for one month, 3.8% for three and six months, and 3.3% over twelve months.

Furman has previously commented on topics beyond inflation. He discussed the significance of a Zola novel for understanding finance in 19th century France. The work also addresses issues of anti-semitism during that period.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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