This is a news story, published by CNBC, that relates primarily to Commerce Department's news.
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Core inflationCNBC
•80% Informative
Commerce Department's measure of personal consumption expenditures prices is expected to show inflation in April running at a 2.7% annual rate.
Fed policymakers prefer the PCE measure as it accounts for shifts in consumer behavior, such as when shoppers will substitute less-expensive items for pricier ones.
Overall, the report likely will point to another incremental move back to the Federal Reserve's 2% target.
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