U.S. core PCE price index remains unchanged in March

The U.S. Bureau of Economic Analysis reported that the core Personal Consumption Expenditures (PCE) price index remained unchanged at 0.0% for March from the previous month, falling short of analysts' expectations of a 0.1% increase, according to Investing.com. Excluding the volatile food and energy sectors, the core PCE price index is considered by the Federal Reserve as the most accurate gauge of inflation.