Breaking: US annual Core PCE inflation falls to 4.9% in April versus 4.9% expected

The annual pace of inflation in the US according to the Core PCE Price Index fell to 4.9% in April, in line with the median economists forecast for an inflation rate of 4.9%, according to newswire polling. That comes after the Core PCE Price Index had prices rising at a pace of 5.2% YoY in March. 

The MoM pace of inflation according to the index came in at 0.3% in April, also in line with the median economist forecast for an inflation rate of 0.3%, according to newswire polling.