Federal Reserve’s preferred inflation metric remains at 2.7% in April

Stay informed with free updates

Simply sign up to the US inflation myFT Digest — delivered directly to your inbox.

US inflation held at 2.7 per cent in the year to April, according to the metric the Federal Reserve uses to set its target for price pressures.

Friday’s data on personal consumption expenditures index was in line with economists’ expectations that inflation would remain the same as in March.

The Fed’s target for headline PCE…