Category: FedFavored
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Fed-Favored Inflation Gauge Is Set to Ease to Seven-Month Low
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(Bloomberg) – The favorite infection scale in the Federal Reserve is expected to cool down to the slowest frequency since June, but the ice progress in taming price pressures in general will keep the policy makers cautious about reducing interest rates. The basic personal consumption expenses index-which excludes food and…
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Fed-Favored Inflation Gauge Is Set to Ease to Seven-Month Low
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(Bloomberg) – The favorite infection scale in the Federal Reserve is expected to cool down to the slowest frequency since June, but the ice progress in taming price pressures in general will keep the policy makers cautious about reducing interest rates. The basic personal consumption expenses index-which excludes food and…
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US futures climb in wait for Fed-favored PCE inflation print
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U.S. stocks rose before the bell on Friday, looking to end a volatile week on a higher note as investors eager for interest rate cuts awaited a key reading of the Federal Reserve’s preferred inflation gauge. Dow Jones Industrial Average futures rose about 0.2%, holding onto their record close from…