
June S&P 500 E-Mini futures (ESM24) are trending up +0.26% this morning after the release of the Fed’s first-line inflation gauge.
U.S. inflation data for April came in mostly as expected, with both core and headline inflation rising at moderate rates. The Federal Reserve closely watches the Personal Consumption Expenditures (PCE) price index, which excludes food and energy prices. This core measure increased by 0.2% in April, which matched analysts' predictions.