Page 10 - Pce News Today

Another round of robust U.S. data is set to arrive next week, raising questions in the financial market about whether the economy can continue to avoid...

Federal Reserve officials expressed concern that progress on inflation might stall, minutes from the central bank’s January meeting show.

The housing ministry advises state governments to follow the Gujarat model for effective recovery of dues from non-compliant builders. Gujarat Rera has appointed officers for execution of recovery warrant orders and has issued proceedings for attachment of property. The ministry also suggests designating additional district magistrates as revenue recovery officers.

Virgin Galactic, the spaceflight company founded by Richard Branson, recently informed the Federal Aviation Administration (FAA) that an alignment pin became detached from the mechanism used to connect their suborbital spaceplane, VSS Unity, to its carrier aircraft, VMS Eve, during a flight on January 26, 2024.

The U.S. dollar inched lower on Friday, after data showed inflation rose modestly in December but was trending lower, which should keep the Federal Reserve on track to cut interest rates by the middle of the year.

US prices rose marginally in December, keeping inflation below 3% for a third straight month. The Federal Reserve is expected to cut interest rates this year, although the timing is uncertain. Consumer spending surged at the end of 2023, leading to expectations of a rate cut. Financial markets have lowered the odds of a March rate cut, indicating the economys resilience. The central bank is likely to keep its policy rate unchanged next week.

Well see how the market ultimately decides to interpret todays economic data and if we close at yet another record high or take a breather.

The personal consumption expenditures price index increased 0.2% last month after an unrevised 0.1% drop in November

The odds of a Fed rate cut in March have dropped to 49% from about 71% two weeks ago, according to the LSEG interest-rate probability app

Inflation is slowing and the economy is still growing. What more could the Federal Reserve want?