Xinhua/Wang Ying/ Getty Images US stocks rose Friday as traders took in new inflation data from the Fed’s preferred price gauge. PCE inflation cooled to 2.6% last month, the lowest pace of price growth in three years. Investors are feeling bullish about rate cuts by the end of the year, the CME FedWatch tool shows. […]
A look at the day ahead in U.S. and global markets from Mike Dolan If TV debates decided elections, world markets seem remarkably calm about the prospect of a Donald Trump return to the White House as the first half of the trading year ends on Friday. It may be too early to stake bets […]
(Reuters) – The Federal Reserve is more likely to deliver a long-awaited rate cut in September after a U.S. Commerce Department report showed inflation made a bit of progress toward the Fed’s 2% goal last month and spending softened, traders expect. After the data, traders priced in about a 53% chance of a rate cut […]
(Reuters) – U.S. inflation tracked sideways in April, a worrying sign for the U.S. central bank that suggests the elevated pace of price increases could last longer than expected and casts doubt on how soon it will be able to cut interest rates. The personal consumption expenditures (PCE) price index increased 0.3% last month, the […]
A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street looks set to end the shortened week slightly punch drunk, with Friday’s May inflation update set to be a decider after a slew of conflicting economic data signals and the latest election twist. The Federal Reserve’s favored PCE inflation […]
Angela Weiss/AFP via Getty Images Stocks were lower again on Thursday, extending a sell-off in the holiday-shortened week. A revision to first-quarter GDP showed economic growth was less than initially reported, while inflation was also cooler. Markets are bracing for the release of PCE inflation data on Friday. US stock were down on Thursday as […]
Markets are closed – MarketWatch photo illustration/iStockphoto Investors got a crucial piece of U.S. economic data at the end of the week with the release of the February personal-consumption expenditures index, but there’s a hitch — financial markets are closed for the Good Friday holiday. Most Read from MarketWatch See: Is the stock market open […]
A trader works on the floor of the NYSE in New YorkThomson Reuters US stocks ended lower on Wednesday as traders anxiously wait for new inflation data. PCE inflation, the Fed’s preferred measure, will be published on Thursday morning. The figures will be important in determining the path of interest rate this year. US stocks […]
US stock futures retreated on Wednesday, coming off a mixed close as caution prevailed ahead of a crucial inflation report that will guide expectations for interest rate cuts. Futures on the Dow Jones Industrial Average (^DJI) and on the S&P 500 (^GSPC) both sagged 0.3%, while those on the tech-heavy Nasdaq 100 (^NDX) led declines […]
(Bloomberg) — Personal Consumption Expenditures are much more important than the Consumer Price Index at this time after today’s CPI came “back to bite” the Federal Reserve, DoubleLine Capital’s Jeffrey Gundlach told CNBC in an interview. Most Read from Bloomberg PCE, which comes out Feb. 29, “cannot go up and have the Fed talking about […]