Reported 4 months ago
Wall Street is expected to close the week cautiously as Friday's release of May inflation data, particularly the PCE inflation gauge, will be pivotal in light of conflicting economic signals and recent political developments. The Federal Reserve's preferred measure is anticipated to show a 0.3% monthly core increase and 2.8% annual rate, possibly influencing interest rate decisions. Despite recent calmer bond market movements, stocks remained subdued, with the S&P500 and Nasdaq experiencing declines. Overseas, markets are monitoring U.S. inflation and Fed outlooks, as well as events in China, South Africa, and Mexico. Additionally, key U.S. economic data and speeches from the Atlanta Federal Reserve President Raphael Bostic are anticipated later in the day.
Source: YAHOO