The Personal Consumption Expenditure (PCE) price index report, commonly referred to as the Fed’s favorite inflation gauge, is set to be released on Friday and represents the critical data point of the week.
This report is highly scrutinized by Fed policymakers to determine the direction of monetary policy and can significantly impact asset prices.
Recent comments from Fed officials have grown increasingly hawkish, reflecting heightened concerns about persistent inflation. Investors currently assign only a 50-50 chance of an interest rate cut by the Fed in September, with a total of 34 basis points of rate cuts anticipated by the end of 2024.
Thus, the first full 25-basis point cut is not fully expected until the December meeting.
As traders await the 8:30 a.m. release of the inflation report from a government agency, here’s what economists are predicting for the event.
April PCE Preview: What Do Economists Expect?
Wall Street economists expect the headline PCE …
Full story available on Benzinga.com
The Personal Consumption Expenditure (PCE) price index report, commonly referred to as the Fed’s favorite inflation gauge, is set to be released on Friday and represents the critical data point of the week.
This report is highly scrutinized by Fed policymakers to determine the direction of monetary policy and can significantly impact asset prices.
Recent comments from Fed officials have grown increasingly hawkish, reflecting heightened concerns about persistent inflation. Investors currently assign only a 50-50 chance of an interest rate cut by the Fed in September, with a total of 34 basis points of rate cuts anticipated by the end of 2024.
Thus, the first full 25-basis point cut is not fully expected until the December meeting.
As traders await the 8:30 a.m. release of the inflation report from a government agency, here’s what economists are predicting for the event.
April PCE Preview: What Do Economists Expect?
Wall Street economists expect the headline PCE …
Full story available on Benzinga.com
The Personal Consumption Expenditure (PCE) price index report, commonly referred to as the Fed’s favorite inflation gauge, is set to be released on Friday and represents the critical data point of the week.
This report is highly scrutinized by Fed policymakers to determine the direction of monetary policy and can significantly impact asset prices.
Recent comments from Fed officials have grown increasingly hawkish, reflecting heightened concerns about persistent inflation. Investors currently assign only a 50-50 chance of an interest rate cut by the Fed in September, with a total of 34 basis points of rate cuts anticipated by the end of 2024.
Thus, the first full 25-basis point cut is not fully expected until the December meeting.
As traders await the 8:30 a.m. release of the inflation report from a government agency, here’s what economists are predicting for the event.
April PCE Preview: What Do Economists Expect?
Wall Street economists expect the headline PCE …Full story available on Benzinga.com Read MoreAMZN, Expert Ideas, GOOGL, Inflation, Interest Rates, Macro Economic Events, Macro Notification, Market Summary, NVDA, PCE, PCE Inflation, SPY, Stories That Matter, TLT, Bonds, Broad U.S. Equity ETFs, Previews, Treasuries, Econ #s, Top Stories, Economics, Federal Reserve, Markets, ETFs, SPY, US78462F1030, TLT, US4642874329, AMZN, US0231351067, NVDA, US67066G1040, GOOGL, US38259P5089, Macro Economic Events, Market Summary, Macro Notification, Broad U.S. Equity ETFs, Bonds, Previews, Treasuries, Econ #s, Top Stories, Economics, Federal Reserve, Markets, ETFs, Benzinga Economics
