Soft PCE inflation rises slowly, boosting sentiment, but caution remains high

From Investing.com: 2024-12-23 06:07:00

US core PCE inflation rises at slowest pace since May, boosting market sentiment for a quiet holiday week. Wall Street rebounds after Fed’s rate predictions cut, but caution remains high. Yen halts freefall against the dollar for now, as thin holiday trading poses risks. Political instability in France and Germany, China’s economic state, and potential tariff wars cloud market outlook for 2025. Yen eases off five-month lows against dollar after verbal intervention, while other currency pairs struggle to hold ground.



Read more at Investing.com: Soft PCE Inflation Keeps Rate Cut Hopes Alive, but Markets Stay Cautious