US April PCE price index rises 0.4% M/M, below 0.5% estimate; core PCE rises 0.2% M/M, below 0.3% estimate. Annual rates: headline +3.8%, core +3.3%, both in line with forecasts.
US April PCE price index rose 0.4% month-over-month (estimate +0.5%) and 3.8% year-over-year (estimate +3.8%). Core PCE rose 0.2% M/M (estimate +0.3%) and 3.3% Y/Y (estimate +3.3%).
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