A trader works on the floor of the NYSE in New YorkThomson Reuters US stocks ended lower on Wednesday as traders anxiously wait for new inflation data. PCE inflation, the Fed's preferred measure, will be published on Thursday morning. The figures will be important in determining the path of interest rate this year. US stocks slumped on Wednesday as traders eyed upcoming inflation data and continued to assess the outlook for rate cuts this year.Major averages ended the day with a loss, with the Dow Jones Industrial Average loggging its third straight losing session.All eyes will be on the Personal Consumption Expenditures index on Thursday, which is the Federal Reserve's preferred measure of inflation.
Us Stocks Fall As Investors Brace For Key Pce Inflation Report
jsor@businessinsider.com (Jennifer Sor), Business Insider
Wed, 02/28/2024 - 2:06pm
Topics: nyse new yorkthomson reuters dow jones industrial average personal consumption expenditures federal reserve january arnim easterly eab risk solution cme fedwatch s&p average composite wall street bank america julius baer apple ubs india west texas intermediate the treasury 603.read business insider pce dow jones us jones industrial fed holzer stocks investors key report market rate year cuts rates wednesday data month points traders ended basis thursday determining hotter measure preferred dipped path crude interest strategist barrel policy chance
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