PCE

Friday's Personal Consumption Expenditure (PCE) price index report could validate the recent decision to cut interest rates and foreshadow the size of future cuts. PCE Report: The monthly PCE report is scheduled for release at 8:30 a.m. ET Friday. The data will be closely monitored by investors and...

The U.S. dollar strengthened across the board on Friday after newly released economic data suggested the Federal Reserve might not rush to implement large rate cuts. Meanwhile, Wall Street took comfort in data highlighting the ongoing strength of U.S. consumers, who continue to be a vital driver of...

After three consecutive months of decline, the Federal Reserve’s preferred measure of inflation held steady in July, although it came in slightly below market forecasts. The Personal Consumption Expenditures (PCE) Price Index increased by 2.5% in July 2024 compared to the same period last...

An upward revision of U.S. gross domestic product growth in the second quarter has led speculators to reconsider their bets on a substantial 50-basis-point rate cut next month. This adjustment comes as the market eagerly anticipates the release of the Personal Consumption Expenditure (PCE) price...

The next Personal Consumption Expenditure (PCE) inflation report, closely watched by the Federal Reserve, will be released at 8:30 a.m. ET Friday. This highly anticipated inflation report will likely illuminate whether broad price pressures align with the Fed’s 2% target or if they remain...

We hit earnings season and with the Magnificent 7 priced for perfection, it was going to take “perfect” earnings reports to keep the market from falling. $GOOG (NASDAQ: GOOG) and $TSLA (NASDAQ: TSLA) showed some weakness and for the second straight week, tech leads the stock market...

Small-cap stocks celebrated their third consecutive week of gains, driven by growing investor optimism towards interest rate-sensitive industries and companies, bolstered by firm expectations of a Federal Reserve rate cut in September. Markets are currently pricing in a 100% likelihood of a Fed...

After a turbulent week in the markets, the bulls reclaimed dominance on Wall Street during Friday’s session, with indices and sectors trading in positive territory as investors welcomed the latest corporate earnings results and further confirmation of inflation progressing toward the Fed...

The latest Fed’s favorite inflation report, unveiled Friday by the Bureau of Economic Analysis, showed mixed results for market participants. What Happened: The headline Personal Consumption Expenditure (PCE) price index fell to 2.5% year-on-year in June, as expected. The core component...

The Personal Consumption Expenditure (PCE) price index continued to decline in June as economists anticipated, continuing to bolster the case for a Fed rate cut in September. The PCE — a basket of goods and services that most U.S. consumers buy, commonly referred to as the Fed’s favorite...

Investors are eagerly awaiting Friday’s announcement of the Personal Consumption Expenditure (PCE) price index, known as the Fed’s preferred inflation measure, as it could reinforce expectations of Fed rate cuts and provide relief to risky assets after this week’s sharp declines....

Economists have broadly welcomed the latest key piece of inflation data, with the Personal Consumption Expenditure (PCE) price index — commonly referred to as the Fed’s favorite measure of inflation — dropping to a 2.6% year-on-year rate in May 2024, its lowest level since March 2021. This...

Editor’s note: The headline and body of this story have been corrected to reflect that core PCE inflation was the lowest in May since March 2021 on a year-over-year basis. The Federal Reserve’s preferred measure of inflation, the Personal Consumption Expenditure, continued to decline in...

Futures on U.S. equity indices inched slightly higher in Friday premarket trading after the Fed’s favorite inflation gauge, the Personal Consumption Expenditure (PCE), fell to 2.6% year-on-year in May, as expected. It marked the lowest inflation rate since March 2021, bolstering market...

The inflation report that’s closely watched by the Federal Reserve — the Personal Consumption Expenditure price index — was published on May 31 for April data and sparked a fresh market rally in June, pushing major indexes to their all-time highs. As traders brace for Friday’s PCE price...