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Federal Reserve Bank of San Francisco: Fed Views Publishes April 18 Edition
April 19, 2024
SAN FRANCISCO, California, April 19 -- The Federal Reserve Bank of San Francisco issued the following April 18, 2024, edition of Fed Views by research advisor Huiyu Li:

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* After peaking in June 2022 at 7.1%, the 12-month change in the headline personal consumption expenditures (PCE) price index declined to 2.5% in February 2024. Over the same period, core PCE inflation, which removes volatile food and energy components, declined from 5.2% to 2.8%.

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