Liz Ann Sonders: core PCE price index rises to 3.5 percent
@LizAnnSonders: Core PCE index rises 3.5 percent
The core Personal Consumption Expenditures (PCE) Price Index, considered a preferred inflation gauge by the Federal Reserve, rose by 3.5 percent in the first quarter, according to data related to the United States' Gross Domestic Product (GDP).
Liz Ann Sonders, the Chief Investment Strategist at Charles Schwab, pointed out on her social media account that there has been a notable upward shift in the inflation floor since the post-pandemic economic expansion began.
Economists often monitor the core PCE Price Index due to its focus on essential expenditures, excluding volatile food and energy costs, thus providing a clearer picture of inflationary trends. The reported increase signals ongoing price pressures that might challenge policymakers aiming for price stability in the economy.
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In the previous news, tweet author Liz Ann Sonders discussed challenges in the U.S. auto sector.
