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PCE Index Expected to Rise By Most in a Year

The personal consumption expenditures (PCE) price index, known to be the Federal Reserve's preferred inflation gauge, is expected to rise at its quickest pace in over a year. The PCE is forecasted to show a 0.4% rise from the previous month; only the second...

U.S. Futures Fall Ahead Of Nvidia Earnings

U.S. futures slipped early Wednesday as investors awaited the quarterly earnings report from chipmaker Nvidia Corporation. Contracts listed on the tech-heavy Nasdaq 100 slipped by as much as 0.4%, while those on the S&P 500 fell 0.2%. Futures on the Dow Jones Industrial Average...

Atlanta Fed President Dashes Hopes for Interest Rate Cut

Atlanta Fed President Raphael Bostic has lowered hopes of an interest rate cut in the near term. The central bank policymaker, who is voting on the Federal Open Market Committee’s policy decisions this year, explained that he only expects inflation to fall to the...

Slowing Inflation Boosts Interest Rate Cut Hopes

Economic data due this week is expected to show that inflation is cooling further, thereby boosting hopes that the Federal Reserve will consider cutting interest rates in the coming months. The consumer price index (CPI) is expected to show that prices rose by 3.7%...

Stocks, Dollar Stagnant Following Fed Chair Comments On Rate Cuts

Federal Reserve Chair Jerome Powell has indicated that markets may have been too confident in their hopes that the central bank would introduce interest rate cuts in the near term. During an interview with CBS's 60 Minutes, Powell spoke of the "danger of moving...

Federal Reserve Has “Months” of Data to Decide Rate Cut Timings

Chicago Federal Reserve Bank President Austan Goolsbee has claimed that the central bank has "weeks and months" of economic data to help it plan its interest rate agenda. Goolsbee explained that rate cuts will be timed according to when inflation reaches the Fed's 2%...