April's PCE print is 'good news' for the Fed: Economist

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 50 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 47%
  • Publisher: 63%

Kathy Bostjancic News

Federal Reserve,Core PCE,Senior Vice President

Major stock indexes (^DJI, ^IXIC, ^GSPC) are experiencing mixed trading following the release of the April Personal Consumption Expenditures (PCE) data...

which aligned with Wall Street expectations. Nationwide Chief Economist and Senior Vice President Kathy Bostjancic joins Wealth! to discuss the impact of this report on potential Federal Reserve rate cuts.

Let's do a check of the markets as we're taking a look at the dow, the S and P 500 the NASDAQ, the dow was higher by about 2/10 of a percent.The dow the worst performer on a percentage basis down about one and a quarter of a percent. That's a really welcomed um outcome, especially since we saw much higher readings um in the first quarter.Yes, we're gonna be able to cut rates later this year, but it's certainly welcome news to see a little bit of relief there.

But we could still get to one cuts if fed officials believe we're like securely heading in the right direction and eventually get back to 2%.Thank you so much for helping us break down some of this morning's data and a read on the economy.Shares of Trump Media & Technology Group, the owner of social networking site Truth Social, slumped before the opening bell Friday after former President Donald Trump was convicted in his hush money trial.US markets have had a rough week.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

What April's PCE data means for future Fed rate decisionsApril's PCE data may signal the economy is on a disinflationary path, as prices rose in line with Wall Street's expectations. The core Personal Consumption...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

April CPI may not be enough to excite Fed: EconomistEconomic data is flooding the markets on Wednesday morning, presenting a mixed picture for investors. The highly anticipated Consumer Price Index (CPI) data ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »