U.S. Core PCE Price Index Expected to Rise Amid Trade Policy Uncertainty

Market analysts predict a 0.1% increase in the U.S. core PCE price index for April, following a stable reading in March. While economists generally expect President Trump’s tariffs will have a limited impact on this month’s data, they anticipate trade policy effects will become clearer by next month. With no major job market declines, the Federal Reserve is likely to keep interest rates steady until trade policy adjustments are reflected in economic indicators.