Breaking: US annual Core PCE inflation jumps to 3.1% in April vs. 2.9% expected

Inflation in the US, as measured by the Personal Consumption Expenditures (PCE) Price Index, stayed unchanged at 0.6% on a monthly basis in April. This reading came in higher than the market expectation of 0.2%. On a yearly basis, the PCE Price Index rose to 3.6% from 2.4%, compared to analysts' estimate of 2.2%.

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