From InvestorsObserver: 2024-04-25 07:32:00

Futures market sees red as attention turns to US PCE data with Dow, S&P 500, Nasdaq 100 shedding points due to weak results from companies like Meta Platforms and Caterpillar. PCE report to show 0.3% MoM increase and 2.6% YoY rise. Fed expected to leave interest rates unchanged amidst global rate-cutting trend.

US PCE data to impact equities and USD with core PCE expected to rise by 0.3% MoM and 2.6% YoY. Report crucial for indicating US inflation. Personal income predicted to rise by 0.5% and spending by 0.8%, signaling increased consumer spending. Fed expected to leave rates steady but may give clues on future rate moves.

Federal Reserve decision on interest rates imminent as global central banks consider rate cuts. Analysts predict Fed to keep rates steady, but recent CPI data has raised doubts. US dollar index rebounds from low of $100 to over $106. Central banks’ actions likely impact global currency shifts.



Read more at InvestorsObserver: US PCE inflation preview and implication to the next Fed decision