PCE Data will be out later
Dec’s core personal consumption expenditures (PCE) price index will be out later. This PCE data is said to be the Federal Reserve’s preferred measure of inflation.
If this inflation gauge eased further, investors will be even more hopeful that the Fed can slow the pace of its next interest rate hike to 25 basis points.
On the flip side, if the core PCE data somehow goes back up to 5% or more, which is higher than Nov’s 4.7%, we can likely see blood in the stock market.
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