US inflation data for April showed some moderation in monthly price pressures, though the broader annual trend continued pointing higher as the Federal Reserve remains focused on persistent inflation risks. The headline PCE price index rose 0.4% mom, slightly below expectations of 0.5% mom. The Fed’s preferred inflation gauge, Core PCE, which excludes food and […]The post US Core PCE Inflation Stays Hot as Annual Price Pressures Accelerate to 3.3% appeared first on ActionForex.