Page 5 - Core Pce News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The main benchmarks erased some if not all of their early morning gains, putting the lid on a tough month and quarter. Stocks jumped at the open as an encouraging reading on inflation sent Treasury yields lower. The main benchmarks lost steam as the session wore on, however, as brinkmanship in Washington D.C. has the U.S. government all but likely to shut down over the weekend. Ahead of the opening bell, the Bureau of Economic Analysis said its August personal consumption and expenditures (PCE)

It's a now-familiar dance: Federal Reserve officials signal to the world that interest rates are not dropping anytime soon. Financial markets respond with bets to the contrary. Forecasts published on Wednesday by the U.S. central bank showed that a majority of its policymakers see the Fed's benchmark overnight interest rate ending this year at 5.6%, which implies one more interest rate hike in the next three months.

The Federal Reserve's preferred inflation metric edged higher in July, likely raising the odds of another Fed rate hike at its November meeting.

Two of the three main benchmarks fell Thursday as investors looked ahead to a key update on the labor market. Stocks spent most of Thursday morning in positive territory as investors cheered the latest inflation data. While the indexes ran out of steam around lunchtime, a mid-afternoon rally brought them off their session lows, and put a cap on what's been a very tough month for the equities market. The Bureau of Economic Analysis this morning said its July personal consumption and expenditures

Terminal rate, peak spot where funds rate expected to climb before being trimmed, revised up to 5.6%, from 5.1% - Anadolu Ajansı