31 May 2024 US Monitor April's core PCE deflator likely rose at the slowest pace since December
28th May 2024 19:15USDaily Monitor
- We expect a 0.23% rise in the core PCE deflator in April, but a rounded 0.3% print would be no great surprise.
- Real personal consumption probably rose by just 0.1%, given the drop in retail sales in April.
- Final domestic sales growth was strong in Q1, despite the low GDP headline, but that's about to change.
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