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Transcripts for CNN CNN This Morning Weekend 20240604 10:26:00

Inflation. as far from over on friday, the commerce department releases april pce report and it s this inflation data that the federal reserve watches especially closely in the report show that an april the pce price index rose 2.7% from a a year ago and rose 0.3% on a monthly basis. now food prices, while they did fall, but gas prices ticked up for the month by more than 1%. but if you strip away both of those categories, food and energy, you get what s called core inflation. and this is seen as a better indicator of underlying inflation an annual core pce rose 2.8%, which is what wall street expected. so you put it all together and what you have is inflation data that appears to be moving sideways, not exactly accelerating, not falling either. we also saw on the data consumer spending took a dip rising 0.2% compared to zero point devin percent. we saw that in march. now, friday s report is yet another reminder of what ....

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