The Personal Consumption Expenditures Price Index rose 0.3% in April, in line with forecasts by economists polled by Reuters. In the 12 months through March, PCE inflation gained 2.7%, as expected.
Core PCE, which excludes the volatile food and energy components, increased 0.2% last month against expectations of a 0.3% increase. Annually, it was at 2.8%, in line with forecasts.
At 8:33 a.m. ET, Dow e-minis were up 50 points, or 0.13%, S&P 500 e-minis were up 8.75 points, or 0.17%, and Nasdaq 100 e-minis were up 14.25 points, or 0.08%.
Source: Economy - investing.com
