Inflation Data 'Will Be Watched Like A Hawk' Friday After Fed's Interest Rate Cuts
Portfolio Pulse from Chris Katje
The upcoming PCE price index report is crucial for validating the Federal Reserve's recent interest rate cuts and predicting future cuts. Market experts expect a slight decrease in headline PCE inflation and a slight increase in core PCE inflation. The SPDR S&P 500 ETF Trust (SPY) has been trading higher ahead of the report.
September 26, 2024 | 6:58 pm
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The SPDR S&P 500 ETF Trust (SPY) has been trading higher ahead of the PCE report, which is expected to show slight changes in inflation. The report's outcome could influence SPY's short-term price movement.
The SPY has been trading higher in anticipation of the PCE report, which could validate the Fed's rate cuts. However, experts suggest the impact on the market should be minimal, indicating a neutral short-term price direction for SPY.
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