Dow Jones futures rose Friday after key inflation data, with the release of the PCE price index, the Fed's preferred measure of inflation. Read More...
Reuters
Futures extend gains on softer inflation data
Futures tracking Wall Street’s main indexes extended gains on Friday after data showed personal consumption expenditure growth slowed in February, supporting hopes of a softer monetary policy approach from the Federal Reserve. A report from the Commerce Department showed the Personal Consumption Expenditure (PCE) index, which is the Fed’s preferred inflation gauge, rose 0.3% in February, on a monthly basis, compared with a 0.6% rise in January. Traders’ bets of a 25-basis-point rate hike stand at 55.5%, with odds of a pause at 44.5%, according to CME Group’s Fedwatch tool.
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