US PCE data keeps Fed rate cut hopes alive, with focus on upcoming US jobs report.

From Investing.com: 2024-09-02 02:37:00

US PCE data keeps Fed rate cut hopes alive as inflation moves towards 2% target. Commodity prices fluctuate on geopolitical fears and OPEC+ production plans. US jobs data release is a key market-moving event in the week ahead, potentially impacting the Fed rate cut decision. Rate Cut Hopes Alive Post PCE Data: US data last week kept Fed rate cut hopes alive as inflation headed towards its 2% target. Odds of a 50 bps rate cut steady, pending US jobs report. Wall Street sees positive end to August with S&P 500 up 1.5%. The Week Ahead: US Jobs Data to Rule Out 50 Bps Cut? Asia Pacific, Europe, US to see data-heavy week, with focus on US jobs report as potential market mover. The US Dollar Index at a 13-month low, but could see recovery pending US jobs data on Friday.



Read more at Investing.com: Stocks Week Ahead: Jobs Data to Rule Out 50bps Fed Rate Cut?