welcome
Investor's Business Daily

Investor's Business Daily

Business

Business & Economics

PCE Inflation: Key Fed Price Gauge Soothes Markets (Live)

Investor's Business Daily
Summary
Nutrition label

83% Informative

The Federal Reserve's primary inflation rate, the core PCE price index, fell to a seven-month low in January .

Consumer spending unexpectedly turned negative in January , as expected.

S&P 500 futures are higher early Friday after Thursday 's sharp sell-off.

The CME Group FedWatch tool shows 70% odds of a rate cut at the June 18 meeting.

S&P 500 futures are 0.3% higher in early Friday stock market action.

Markets saw just 6% odds of a rate cut at the March 19 Fed meeting, according to CME Group's FedWatch tool.

On Thursday , the S.P 500 slid 1.6% , falling to its lowest level since Jan. 14 .

VR Score

92

Informative language

97

Neutral language

40

Article tone

formal

Language

English

Language complexity

33

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

Affiliate links

no affiliate links