April Inflation Milder Than Expected As Tariff Impact Still Muted
1. April PCE inflation was 2.1%, below the 2.2% forecast. 2. Core PCE inflation at 2.5% is the lowest since March 2021. 3. Economists forecast inflation to exceed 3.5% by year-end. 4. Tariffs may cause a one-time rise in inflation, less severe than past surges. 5. Personal saving rates increased from 3.9% to 4.9%.