Fed’s Favorite Gauge Is Seen Showing Faster Inflation (opens original article in a new tab)

The Federal Reserve's preferred inflation measure is anticipated to indicate higher inflation, with forecasts showing acceleration in the PCE price index. The Fed's new chairman avoided commenting on future interest rate decisions, while upcoming events include speeches from officials and economic data releases.

• The Fed's favorite inflation gauge is expected to show faster inflation in May
• Forecasts predict acceleration in the PCE price index on both monthly and yearly basis
• The Fed's new chairman did not provide clues about future interest rate decisions
• Upcoming events include speeches from Fed officials and release of economic data