PCE Report Could Convince Federal Reserve to Cut Rates in June
The Federal Reserve may be inclined to introduce interest rate cuts in June following the release of February's Personal Consumption Expenditures index. The "core" reading, which excludes volatile food and energy costs, came in at 2.8%, down from the 2.9% reading in January.
Core prices...
U.S. Stocks Continue Record Run
Stocks on the New York Stock Exchange continued their record-setting rally on Thursday as investors' optimism grew following the Federal Reserve's policy meeting this week. The Fed assured investors that it would remain on track for its forecasted policy trajectory, introducing two to three...
Fed Sticks to Rate Cut Agenda, Sending Stocks Higher
The Federal Reserve held its March meeting on Wednesday, keeping its interest rates unchanged. Fed Chair Jerome Powell announced later in the day that while officials would like to see more evidence of falling prices before taking action, they maintain their agenda for introducing...
U.S. Stocks Rise Ahead of Fed Rate Decision
Stock futures rose on Monday as investors gear up for the Federal Reserve's latest interest rate decision due later in the week. Futures on the S&P 500 rose by 0.3%, while those on the tech-heavy Nasdaq Composite gained 0.7%. Contracts listed on the Dow...
Stubborn CPI Reading Unlikely to Affect Fed Rate Cuts
February's Consumer Price Index (CPI) came out on Tuesday, showing that prices rose by 0.4% over the previous month and 3.2% over the previous year. "Core" CPI, which excludes volatile components including food and gas, climbed 0.4% higher compared to January, while on an...
PCE Inflation Report Threatens to Delay Fed Rate Cuts
Investors are bracing for the release of the Personal Consumption Expenditures (PCE) report on Thursday, with markets concerned that hotter-than-expected inflation data could further delay the Federal Reserve's introduction of interest rate cuts.
Core PCE is set to come in at 2.8% for the...