4Stock futures little changed ahead of monthly personal consumption expenditures report
U.S. stock futures 5month 27moved slightly on (local time). 4The monthly Personal Consumption Expenditures (PCE) Price Index will be released Thursday morning at 8 o’clock 30 minutes. The PCE is the Federal Reserve’s preferred inflation gauge.
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U.S. stock futures 5month 27moved slightly on (local time). 4The monthly Personal Consumption Expenditures (PCE) Price Index is scheduled for release Thursday morning at 8 o’clock 30 minutes. The indicator is classified as the Federal Reserve’s preferred inflation gauge.
The Personal Consumption Expenditures (PCE) Price Index measures price changes based on household consumer spending. The Federal Reserve mainly uses this indicator to assess inflation trends. PCE is divided into headline and core measures, with the latter excluding energy and food.
The stock futures market showed no clear direction ahead of the data release. Price movements were limited across trading. The market was waiting for the figures to be disclosed at the time of the release.
This release is 4the latest official statistics on monthly consumer price trends. The figures and data by category are released immediately after the announcement. The published figures are factored into the Federal Reserve’s assessment of inflation.
Market data are updated to coincide with the announcement on Thursday. Investors and market participants review the released PCE figures and detailed components. For now, movements reflecting the situation before the announcement are continuing.
Sources: CNBC Top News
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