Eclipse Labs Promotes Vijay Chetty to CEO Nearly a Week After Neel Somani's Ouster

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April PCE data is 'pretty meaningful step down' for inflation
Treasury yields (^TYX, ^TNX, ^FVX) are on the decline this morning after inflation data from the PCE (Personal Consumption Expenditures) Index came in line with expectations with April's core PCE rising 0.2% month-over-month and 2.8% year-over-year. As inflation slows but price pressures remain a big risk, what does this print mean for the bond market? JPMorgan US CIO for Fixed Income, Currencies, and Commodities Kay Herr sits down in-studio with Yahoo Finance's Catalysts to look deeper into April's inflation data and what this means for the Federal Reserve's inflation rate target. "If you look underneath in some of the details, if you look on a three-month annualized basis, we've gone from a 4.4% number in March down to 3.46% in April. That's a pretty meaningful step down," Herr explains. "If you look on a month-over-month [basis], in April that was running 0.33%, March we're running 0.249%. And then on an average monthly basis in the first quarter, things were at about 0.36%, for April [it's] 0.25%. So a reasonable step down moving in line with what the Fed thinks." Herr underlines the Fed's dual mandate objective in regulators' decision on cutting interest rates or holding them higher for longer: "We're going to start to see a little bit of softness in in the labor market. And that's going to lead the Fed... to move toward cutting rates, yes."For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
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Dow has best daily gain for year; indexes up sharply for May
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Fed seen more likely to cut rates in Sept after PCE data
The report showed the core personal consumption expenditures price index, which the Fed uses to gauge underlying price pressures, rose 0.2% in April from March, following a 0.3% increase the prior month. "The PCE data confirms price increases aren’t as sticky as feared, keeping hopes of at least one rate cut on the table," said David Russell, global head of market strategy at TradeStation. The inflation data still shows price pressures remain above the Fed's 2% target, with the year-over-year rise in the PCE index measuring 2.7% in April, the same rate as in March.
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Alibaba and Coupang Intensify E-Commerce Battle with Major Investments in South Korea
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AFP News
Stock markets mixed as US inflation unchanged
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Eclipse Labs Promotes Vijay Chetty to CEO Nearly a Week After Neel Somani's Ouster

Latest stories

Charlie Munger once revealed how investors can beat the stock market — here are 3 of his essential tips

3 Stocks That Could Plummet in Value With the Rise of AI

Fed's stance of higher for longer likely not shaken by new inflation reading

Alibaba e-commerce unit's latest executive reshuffle sees veterans retire as younger leaders take over

Missed NVIDIA? Check Out This Semiconductor AI Penny Stock

3 Stocks to Buy for Big Growth

The Cheapest AI Stocks to Buy Now

How To Start Making Passive Income From Scratch

I’m an Average Middle-Class Retiree: Here’s How Much Savings I Have

April PCE data is 'pretty meaningful step down' for inflation

OpenAI's Apple Deal Sparks Concerns In Microsoft, Could Shift AI Market Dynamics

Bitcoin Gains. Why the Largest Crypto Will Continue to Dominate Over Ether.

Dow has best daily gain for year; indexes up sharply for May

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Fed seen more likely to cut rates in Sept after PCE data

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Stock markets mixed as US inflation unchanged

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