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🇺🇸 April core PCE is set to re-accelerate to 3.3%, and there's no clean Fed response
The day in view

🇺🇸 April core PCE is set to re-accelerate to 3.3%, and there's no clean Fed response

Macro Soup Newsroom Macro Soup Newsroom 3 min read

April core PCE is forecast to re-accelerate to 3.3% year-on-year from March's 3.2%, landing on a Fed split 8-4 at its last vote with dissents in both directions and near-zero market odds of a 2026 cut.

Circular portrait of Lorie Logan on blue background with text about her remarks at the Bank of Japan Institute for Monetary and Economic Studies Conference in Tokyo.
Dallas Fed President Lorie Logan delivered remarks on monetary policy and imbalances in Japan as Federal Reserve officials provided updates amid the quiet period. Source

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