US PCE price index came at 2.7% in March meeting economist’s expectations

The US Personal Consumption Expenditure Index showed an increase of 2.7% YoY compared to 2.6% expected.

Core PEC index which is the FED's preferred inflation metric, printed at 2.8% YoY compared to 2.7% expected.

Personal spending surprised to the upside coming in at 0.8% MoM compared to 0.6% expected. US stock indexes reacted positively to the numbers with the S&P 500 futures currently gaining 0.85%.