Traders are awaiting the release of key US inflation data and the Federal Reserve's update on the world's number one economy. Photo: Daniel ROLAND / AFP
Sentiment took a blow last week after Federal Reserve officials warned they wanted more evidence that prices were being brought under control fuelled worries they might not cut interest rates this year.But the S&P 500 and Nasdaq both benefited Friday from figures showing one-year expectations for prices edged down slightly while consumer sentiment picked up.
Focus is now turning to the release on Friday of the US personal consumption expenditures index, which is the Fed's preferred gauge of inflation.
Source: Financial Digest (financialdigest.net)
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