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Feb. PCE Preview: The Path to Lower Inflation May Be on Hold Before Gaza Ceasefire Agreement Takes Effect
The Bureau of Economic Analysis will release the Personal Consumption Expenditure stats and the price index at 8:30 ET on Friday.The PCE deflator is expected to rise slightly from 2.4% to 2.5%, and the core PCE price index is expected to remain at 2.8%.
Volatility Warning: Weak Share Buybacks and Pension Funds' $32 Billion Sell-Off Could Upset the Market
The market may face short-term pressure this week as some cautious investors are becoming concerned about potential large-scale stock sell-offs by pension funds due to quarterly rebalancing, coupled with the weakening purchasing power of corporate buybacks, a key force in the market.
Fidelity International: The Federal Reserve wants room for maneuver until June
Salman Ahmed, head of Fidelity International's Global Macro and Strategic Asset Allocation Department, wrote that the Federal Reserve's goal is still to cut interest rates three times this year, but there are initial signs that the Fed will have to accept higher inflation than previously anticipated, or even be forced to delay interest rate cuts.
Morgan Stanley Fund: The overall tone of the March Fed interest rate meeting was dovish, but it is difficult for the market to drastically trade expectations of interest rate cuts
The Zhitong Finance App learned that on March 26, Cui Can of the Morgan Stanley Fund's fixed income investment department published an article stating that at the Federal Reserve's March 2024 interest rate meeting, all FOMC officials voted unanimously to keep the federal funds rate target range of 5.25%-5.5%, in line with mainstream market expectations. This is the sixth time since the interest rate hike in July 2023 has been suspended. Compared to “balancing risk” in January, the overall tone of the March conference was dovish.
Fed Should Delay or Reduce Cuts on Recent Data: Waller
Federal Reserve Governor Christopher Waller said he wants to see “at least a couple months of better inflation data” before cutting, as there is no rush to lower interest rates. Waller spoke Wednesday before the Economic Club of New York.
What's Behind the Calm VIX?
Mandy Xu, head of derivatives market intelligence at Cboe Global Markets, examines the factors fueling the calmest US stock market since 2018.