Inflation Data Takes Center Stage as Market Rally Continues.
TL;DR Summary
The Federal Reserve's preferred inflation measure, the Personal Consumption Expenditures (PCE) price index, will be released on Friday and is expected to influence the Fed's next move regarding interest rates. The market is projecting a 50% chance of a 0.25% increase at the Fed's next meeting, but Friday's PCE data is likely to tilt projections one way or the other. The Fed will also get a look at March CPI data on April 12 and PPI data the following day before making its next decision on rates on May 3.
- The Fed's Favorite Price Measure Is Coming Friday, And It's Likely To Influence Next Move In Inflation Chess Match - SPDR S&P 500 (ARCA:SPY) Benzinga
- Stock Market Adds To Bullish Gains, But Inflation Data Up Next; 3 Stocks To Watch Investor's Business Daily
- Stocks Gain as Focus Shifts to Friday's Inflation Report Barron's
- European stocks mixed ahead of euro zone and U.S. inflation data CNBC
- Market Rally Continues on Banking, Inflation Optimism Investopedia
- View Full Coverage on Google News
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
1 min
vs 2 min read
Condensed
69%
293 → 90 words
Want the full story? Read the original article
Read on Benzinga