Investing.com – The PCE index of main US consumer prices, one of the most relevant indicators for the Fed’s monetary policy decisions, increased by 3.7% in the first quarter of 2024. In the rereading communicated today, the Core inflation, which excludes energy and food prices from the calculation, exceeded the estimates of analysts who had expected an increase of 3.6% in the first 3 months of the year after 3.7% in the first reading. In the last quarter of 2023 the core PCE recorded a +2%.
The final estimate also revised upwards the GDP of the United States, which in the first quarter of the year grew by 1.4% (1.3% the consensus), the figure compares with the +3.4% recorded by the US economy between October and November of last year.
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