This week the January personal consumption expenditure (PCE) price index and reports on Gross Domestic Product, jobless claims and manufacturing activity will be released.
The main Wall Street indices disparate operations this Tuesday, February 27 with the Dow Jones leading the declines, while investors Await crucial inflation report and others economic data that will shape expectations about interest rate cuts on the part of the Federal Reserve.
In that context, the Dow Jones Industrial Average loses 158.22 points, or 0.4%, to 38,911.01 units; the index S&P 500 it gives just 1.15 points to 5,070.68 units; and the Nasdaq Composite subtracts 39.44 points, or 0.3%, to 16,015.69 units.
Wall Street with an eye on economic data
The market’s attention is once again focused on the path of the Fed’s monetary policyafter the frenzy around the artificial intelligence (AI) overshadowed the previous week by concern about the delay in rate cuts and will drive the S&P 500 and to Dow Jones to new highs.
The highlight of this week will be the publication on Thursday of January personal consumption expenditure (PCE) price indexhe Fed’s preferred inflation indicator.
“I think investors are getting used to the concept that the Fed won’t cut rates (soon),” he said. Peter Andersenof Andersen Capital Management in Boston.
He also indicated that hopes of a soft landing – in which the Fed reduces inflation without seriously damaging the economy – are supporting market sentiment. “I expect favorable data, which would indicate that the soft landing has gained momentum”he pointed.
The Reports on the Gross Domestic Productthe unemployment benefit applications and the manufacturing activitywhich will also be published this week, will offer more clues about the schedule of rate cuts.
Investors will also be attentive to the comments that some Fed officials, such as voting members, will make this week. Raphael Bostic (Atlanta) and John Williams (New York), as well as the governor of the institution, Christopher Waller.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
