Musical sequences are correlated dynamical processes that may differ depending on musical styles. We aim to quantify the correlations through power spectral analysis of pitch sequences in a large corpus of musical compositions as well as improvised performances. Using a multitaper method we extend the power spectral estimates down to the smallest possible frequencies optimizing the tradeoff between bias and variance. The power spectral densities reveal a characteristic behavior; they typically follow inverse power laws (1/f β-noise), yet only down to a cutoff frequency, where they end in a plateau. Correspondingly the pitch autocorrelation function exhibits slow power law decays only up to a cutoff time, beyond which the correlations vanish. We determine cutoff times between 4 and 100 quarter note units for the compositions and improvisations of the corpus, serving as a measure for the degree of persistence and predictability in music. The histogram of exponents β for the power law regimes has a pronounced peak near β = 1 for classical compositions, but is much broader for jazz improvisations.