Fed's Inflation Gauge Indicates Modest Cooling

Central bankers remain cautious on interest rate cuts as underlying price pressures show gradual relief.

The personal consumption expenditures price index, excluding food and energy, is expected to rise by 0.2% in April, marking the smallest increase this year.
Total PCE price index likely climbed 0.3% for the third consecutive month, highlighting uneven progress in inflation control.
Fed officials emphasize the need for sustained evidence of inflation reduction before considering rate cuts.
Global inflation trends show varied progress, with G-7 economies experiencing uneven easing of price pressures.
Upcoming economic data, including personal spending and income figures, will provide further insights into inflation dynamics.