Powell: PCE is expected to grow by 2.3% and core PCE by 2.6% over the 12-month period ending in March.
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On April 17, Federal Reserve Chairman Powell stated that over the 12-month period ending in March, PCE is expected to grow by 2.3%, and core PCE by 2.6%. The labor market is solid and overall balanced, currently exerting no pressure on inflation.
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