US Fed's PCE index predicted to rise 0.2% in April, possibly supporting cautious approach to interest rate cuts.

The US Federal Reserve's favored inflation gauge, PCE index, is predicted to rise 0.2% in April, the smallest increase this year, possibly supporting the central bank's cautious approach to interest rate cuts. Fed emphasizes more evidence of inflation reaching their 2% target before cutting benchmark rates. Bankers debate maintaining higher rates longer to reduce inflation further.