April PCE rose to 3.8% YoY, the highest since May 2023, as the Hormuz energy shock fed through. Core PCE hit 3.3% while Q1 GDP was revised down to 1.6%.
Piero Cingari is a Staff Writer at Zenger News. He specializes in macroeconomics, central banks, and the dynamics of the bonds and FX markets, with a keen interest in how major economic events shape the global economy and financial markets. Piero's insights and analyses have been featured in prominent outlets including Yahoo Finance, Nasdaq, and Business Insider.
