Is this Week's Inflation Data Going to be Hot Too?

Friday's PCE could affect bond yields.

This week (on 4/26/24) we will get the latest PCE (Personal Consumption Expenditures) numbers. This is the Fed’s favorite inflation gauge. The core month over month PCE number is forecast to grow at a 0.3% rate. Headline PCE is forecast to grow at a 2.6% year over year pace. Core PCE - year over year - is forecast to grow at a 2.7% rate.

Prior to the PCE number, the markets will see the first Q1 GDP numbers on Thursday. They will be paying special attention to the GDP Price index which is forecast to grow at a 3% year over year rate.

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