Reported about 11 hours ago
The S&P 500 has surged 25% in 2024 due to enthusiasm for AI, strong earnings, and the Federal Reserve's recent interest rate cuts. However, the stock market's trajectory on Nov. 27 hinges on the expected release of the Personal Consumption Expenditure (PCE) price index, a key indicator of inflation. Economists predict a stable PCE inflation rate at 2.1%, but if actual inflation shows an increase, it could diminish the chances of further rate cuts and lead to a sharp market decline. Conversely, a lower PCE reading might boost the market. Investors are advised to remain focused on quality long-term stocks despite potential short-term volatility.
Source: YAHOO