Stock futures are little changed Wednesday morning as investors await the latest personal consumption expenditures price index (PCE) report, the Federal Reserve's favored inflation gauge. Thanksgiving box office is forecasted to be the strongest in years. U.S. Federal Reserve Chair Jerome Powell is expected to provide insights into the central bank's stance on interest rates, based on recent meeting minutes that indicate gradual policy adjustments if current trends persist.
Stock futures are little changed while investors await PCE data.This weekend's Thanksgiving box office is set to be the best in years.
Stocks futures are little changed Wednesday morning as investors await the latest personal consumption expenditures price index report. It's the Fed's favorite inflation gauge and is due out at 10 a.m. ET. New personal income and consumer spending data is also expected at 10 a.m. Follow U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., November 7, 2024.The central bank's meeting minutes from November showed confidence around the pace of inflation and the labor market. If those trends continue,"it would likely be appropriate to move gradually toward a more neutral stance of policy over time," the minutes said.
36-year-old mom: I built a thriving living room Etsy side hustle, quit my job, and now earn $10,000 a month in passive incomemacy's thanksgiving day parade
STOCK FUTURES INFLATION PCE REPORT THANKSGIVING BOX OFFICE JEROME POWELL
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US PCE inflation set to hold steady as markets assess another Federal Reserve rate cutThe United States Bureau of Economic Analysis (BEA) is set to release the Personal Consumption Expenditures (PCE) Price Index data for October on Wednesday at 13:30 GMT.
Read more »
US stock futures steady with PCE inflation in focusUS stock futures steady with PCE inflation in focus
Read more »
Stock Futures Steady as Investors Anticipate PCE Report; OpenAI Offers Share Sale to EmployeesStock futures remained unchanged Wednesday as investors waited for the latest personal consumption expenditures price index (PCE), a key inflation measure. New personal income and consumer spending data, along with remarks from Federal Reserve Chair Jerome Powell, are expected. OpenAI announced a share sale offer to its employees, following a recent $6.6 billion funding round. Trump's proposed 25% tariff imports tariff from Mexico could raise Constellation's costs, impacting 86% of its sales. The box office looks forward to the release of 'Moana 2,' 'Wicked,' and 'Gladiator II'.
Read more »
Federal Reserve's likely slowdown in rate cuts could disappoint borrowersJust a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates
Read more »
Federal Reserve cuts key interest rate by a quarter-point amid postelection uncertaintyThe Fed moved in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s presidential election victory.
Read more »
Federal Reserve is set to cut interest rates by a quarter pointFederal Reserve officials are poised Thursday to reduce their key interest rate for a second straight time, responding to a steady slowdown of the inflation…
Read more »