Core PCE inflation rises to 4.7% vs. 4.6% anticipated

Core PCE inflation rises to 4.7% vs. 4.6% anticipated

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Inflation in the US, as measured by the change in Personal Consumption Expenditures (PCE) Price Index, rose to 4.4% on a yearly basis in April from 4.2% in March, the US Bureau of Economic Analysis reported on Friday. This reading came in higher than the market expectation of 3.9%. The increase in…

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