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Fed's Preferred Inflation Gauge Outstrips Expectations: 'Rate Cuts Aren't Necessary For The Bull Market To Continue'

PCE price index surpasses projections, reaching 2.7% annually in March. Economists offer insights on potential Fed actions, with some expecting a wait-and-see approach and only one rate cut in 2024. ....

United States , Michael Gapen , Jamie Cox , Chris Zaccarelli , Clark Bellin , Mohamed El Erian , Federal Reserve , Harris Financial Group , Personal Consumption Expenditure , Kobeissi Letter , Bellwether Wealth ,

Inflation Remains a Stubborn Problem for the Fed as March Data Confirms a Stall in Efforts to Bring Prices Down

Inflation Remains a Stubborn Problem for the Fed as March Data Confirms a Stall in Efforts to Bring Prices Down
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United States , Namy Huh , Clark Bellin , Noah Yosif , American Staffing Association , Federal Reserve , Commerce Department , Downers Grove , Best Cartoons , Economy Slows , New Home Sales See , American Staffing , Inflation Highlight Economic , Jones Industrial Average ,

'AI Craze' Powers Best Week in 2024 for Stocks: Markets Wrap

(Bloomberg) — A rally in the world’s largest technology companies lifted stocks, with Wall Street also breathing a sigh of relief after the latest inflation data came roughly in line with estimates. Equities headed toward their best week in 2024 after Microsoft Corp. and Google’s parent Alphabet Inc. sent a clear message to investors: Our… ....

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