Fed’s Preferred Inflation Gauge Looms Over Markets as Traders Brace for PCE Readout
Wall Street is entering Wednesday’s Personal Consumption Expenditures report with caution, as the Federal Reserve’s preferred inflation gauge is expected to shape the near-term path for interest rates and risk assets. Futures were little changed ahead of the release, reflecting a market that is waiting for confirmation on whether price pressures are cooling enough to support eventual policy easing.
