Core PCE Rises Most In 3 Years; Savings Rate Tumbles As Spending Far Outpaces Income
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Source: Zero Hedge
Published: 2026-04-30 23:04 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Economy & Finance, Tax & Budget, Business & Economy
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Snippet:
The Fed's favorite inflation indicator - Core PCE - rose 0.3% MoM in January (as expected), a dip from the 0.4% sequential increase in February, with YoY rising by 3.2% (also as expected), slightly higher than the 3.0% in Feb. That is the highest annual increase in Core PCE since Nov 2023.
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