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Search resuls for: "Friday's PCE"


9 mentions found


☆ Stock market today: Indexes edge higher, yields fall ahead of the Fed's favorite inflation gauge
  + stars: | 2024-06-27 | by ( Max Adams | ) www.businessinsider.com   time to read: +3 min
Stocks ended Thursday slightly higher ahead of a key update on inflation. PCE for May will be published on Friday morning, providing new hints about when rate cuts may be coming. Chip firms Nvidia and Micron dipped in Thursday's session, though the broader Nasdaq edged higher. Bond yields dipped ahead of the new data, with the 10-year Treasury yield falling about two basis points to 4.292%. "More recent data have moved in the right direction, but not by enough to convince the Fed that inflation is whipped."
Persons: Stocks, —, economy's, Bill Adams, Michelle Bowman, Keith Gill Organizations: PCE, Nvidia, Micron, Nasdaq, Service, Commerce Department, Treasury, Friday's PCE, Federal Reserve, Comerica Bank, Fed, Here's Locations: Friday's, U.S, Chewy
☆ Fed's favorite inflation gauge is expected to show very slow progress on Friday
  + stars: | 2024-05-30 | by ( Jeff Cox | ) www.cnbc.com   time to read: +2 min
Inflation is taking baby steps towards coming back to where policymakers want it, with a report due Friday expected to show more of that creeping progress. Core inflation is expected to have slowed to 0.2%, which would represent at least some further progress toward easing price pressure on weary consumers. "That said, getting to the Fed's 2% target is apt to be a bumpy landing." However, policymakers' expectations that housing inflation will cool this year have been largely thwarted, throwing another wrinkle into the debate. CPI inflation ran at 3.4% for the all-items measure in April and 3.6% for core, well above the Fed's target.
Persons: Dow Jones, Carol Schleif Organizations: Dow, BMO Family Office, Labor Locations: PCE
☆ Stock market today: Indexes slide as rising bond yields pressure stocks
  + stars: | 2024-05-29 | by ( Max Adams | Filip De Mott | ) www.businessinsider.com   time to read: +2 min
Stocks slipped on Wednesday as traders watched the rise in US Treasury yields. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementStocks dipped on Wednesday — with the Nasdaq falling from a record — as investors watched bond yields move higher for a second day this week, with the 10-year Treasury continuing to climb above 4.5%. US bond yields are hovering around the highest level in about four weeks following a weak government bond auction Tuesday, as well as waning rate-cut hopes amid the latest inflation data.
Persons: Stocks, —, Carol Schleif Organizations: Treasury, Marathon Oil, ConocoPhillips, Service, Nasdaq, Federal Reserve, BMO Family Office, American Airlines Locations: PCE, Here's
☆ Stock market today: Indexes gain as investors assess new inflation data and latest earnings
  + stars: | 2024-04-26 | by ( Max Adams | Yuheng Zhan | ) www.businessinsider.com   time to read: +2 min
US stocks rose on Friday as markets assessed new inflation data in the form of March PCE. The Fed's preferred gauge showed inflation rose 2.8% year-over-year, slightly higher than estimates. AdvertisementUS stocks climbed on Friday, with investors digesting new inflation data and cheering earnings from mega-cap tech titans Microsoft and Alphabet. Personal consumption expenditures data showed prices rose more than expected last month. The Federal Reserve's preferred measure of inflation showed an uptick of 2.8% versus estimates of 2.7%.
Persons: —, Clark Bellin Organizations: PCE, Microsoft, Google, Service, Federal, Bellwether
☆ Friday's PCE report is an important inflation gauge, says Jim Cramer
  + stars: | 2024-04-19 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFriday's PCE report is an important inflation gauge, says Jim Cramer'Mad Money' host Jim Cramer looks ahead to next week's market moving events and earnings.
Persons: Jim Cramer
☆ Fed’s Favored Inflation Indicator Posts Best Reading Since 2021
  + stars: | 2023-09-29 | by ( Tim Smart | Sept. | At A.M. | ) www.usnews.com   time to read: +3 min
The personal consumption expenditures price index increased 0.4% in August, slightly below estimates, while the yearly rise was 3.5%. But it was the core index that strips out food and energy prices coming in at 3.9%, its lowest reading since September of 2021, that is likely of most interest to the Fed. While goods prices have slowed considerably, costs in the services sector have proven harder to bring down, driven largely by housing prices. Looked at just over the past three months, the rate of core inflation has slowed markedly and is not far from the Fed’s 2% annual target. “PCE and core pce figures indicate continued inflation easing,” Kathy Jones, chief fixed income strategist at the Schwab Center for Financial Research, commented on X.
Persons: “, ”, Carol Schleif, ” Kathy Jones, Andrew Patterson, Downside, ” Patterson Organizations: Federal Reserve, Labor Department, Fed, PCE, BMO Family Office, Schwab Center, Financial Research
☆ US stocks rise as the Fed's favorite inflation gauge drops to 2-year low
  + stars: | 2023-07-28 | by ( Jennifer Sor | ) www.businessinsider.com   time to read: +2 min
US stocks rose higher on Friday as the Fed's favorite inflation gauge cooled to a two-year low. PCE inflation rose just 0.2% month-over-month in June, in line with economists' expectations. The Dow and S&P 500 are on track to close off their third straight winning week. The Personal Consumption Expenditures index, the Federal Reserve's preferred inflation measure, rose just 0.2% in June, in-line with economists' estimates. Commentators point out that headline inflation remains well-above the Fed's 2% long-run target.
Persons: Richard Saperstein, Saperstein Organizations: Dow, Service, Dow Jones Industrial, Federal, Fed, Treasury Partners Locations: Wall, Silicon, decelerate
☆ Can't figure out this economy? Walmart, Home Depot are having trouble, too
  + stars: | 2023-02-26 | by ( Tim Mullaney | ) www.cnbc.com   time to read: +7 min
Joe Raedle | Getty Images News | Getty ImagesIf you think the economy is confusing right now, consider how baffling it must look to Home Depot and Walmart. Home Depot said consumer spending is holding up, but that it expects a flat sales-growth year overall, with declining profits. Friday's PCE showed consumer spending rose more than expected as prices increased, jumping 1.8% for the month compared to the estimate of 1.4%. It wasn't a good week for the retail sector or consumer stocks, either. "The outlook for sustained consumer spending growth remains," wrote consumer analyst Jason English.
☆ Britain's intervention did nothing to solve inflation or ensure earnings growth
  + stars: | 2022-09-29 | by ( Bob Pisani | ) www.cnbc.com   time to read: +3 min
But are inflation and earnings the only worries? "We view the real fear as decaying faith in central banks' ability to negotiate these trying times (and, quite frankly, the smell of desperation)." "For a more sustained rally, investors will need to see convincing evidence that inflation is coming under control, allowing central banks to become less hawkish." Inside the Fed, it's always been the central bank's favorite inflation gauge. "...Clients have indicated they would prefer stable 3-4% inflation and no recession over a 2% inflation rate with recession."
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