Discover how the 0.2% rise in the core PCE price index impacts stock and options trading.
Sectors & Industries
June 3, 2024
In April 2024, the US core inflation reading (PCE) price index increased by 0.2% from the previous month, following a 0.3% rise in March.
This was the slowest monthly increase in 2024 and was lower than the expected 0.3% rise. The overall PCE price index rose by 0.3%, consistent with the increases seen in March and February.
On an annual basis, PCE inflation remained steady at 2.7%, the same as the four-month high reached in March. The annual core inflation rate was 2.8%, marking the lowest rate since March 2021.
The 10-year Treasury yield fell to 4.51% Friday as the data pointed to potential Fed rate cuts.
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