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Dow, S&P 500, Nasdaq futures sell off as government shutdown looms, Fed's preferred inflation gauge on deck

Dow, S&P 500, Nasdaq futures sell-off as government shutdown looms, inflation data improves but still sticky

US stock futures pointed to another rough day on Wall Street Friday after the House of Representatives voted against a Trump-backed spending bill, further increasing the odds of a US government shutdown this weekend. Investors also digested key inflation data that showed a deceleration in price increases during the month of November after the Federal…

Dow, S&P 500, Nasdaq futures sell off as government shutdown looms, Fed’s preferred inflation gauge on deck

Cs news2 months ago2 months ago03 mins

Investors this morning will closely be monitoring a key inflation report set to shape future monetary policy. The Federal Reserve’s preferred inflation gauge, the core Personal Consumption Expenditures (PCE) index, which strips out volatile food and energy costs, is expected to have risen 0.2% month over month in November after prices rose 0.3% in October,…