Core PCE rose 0.2% in April, missing the 0.3% consensus, but the annual rate climbed to 3.3%, its highest since late 2023. St. Louis Fed President Musalem flagged a possible rate hike; the 10-year yield's relief rally rests partly on a 60-day Iran ceasefire.
Atlanta Fed's underlying inflation dashboard shows broad-based slowing among near-term PCE measures even as year-over-year readings remain elevated above the FOMC's price stability mandate. Source
