The latest reading of the Federal Reserve’s preferred inflation gauge showed prices rose on a monthly basis but dropped year over year, which should keep interest rates on hold when the central bank meets next in March. The “core” Personal Consumption Expenditures (PCE) index, which strips out food and energy costs, rose 0.3% from the…
(Reuters) – U.S. stock index futures inched up on Friday, steadying after sharp declines earlier this week, as investors shifted their focus to a key inflation figure that could influence expectations regarding the Federal Reserve’s monetary policy trajectory. At 5:25 a.m. ET, Dow E-minis were up 124 points, or 0.29%, S&P 500 E-minis were up…
Stocks limped into the weekend as a string of economic data sparked concerns about slower-than-expected economic growth and sticky inflation. After closing at an all-time high on Wednesday, the S&P 500 (^GSPC) finished down about 1.7% on the week as a disappointing outlook from Walmart (WMT) and concerns about inflation took center stage. Meanwhile, the…
The latest reading of the Federal Reserve’s preferred inflation gauge showed price increases were flat in October from the prior month, raising questions over whether progress in getting to the central bank’s 2% goal has stalled. The core Personal Consumption Expenditures (PCE) index, which strips out food and energy costs and is closely watched by…
US stocks paused near record highs on Wednesday as investors waited for a reading on the Federal Reserve’s favorite inflation gauge to provide clues to the path of interest rates. S&P 500 futures (ES=F) and Dow Jones Industrial Average futures (YM=F) were little changed, coming off fresh all-time highs for the indexes. Contracts on the…