"Futures Rise as Inflation Slows and Consumer Spending Remains Strong"
TL;DR Summary
Futures tracking Wall Street's main indexes extended gains on Friday after data showed personal consumption expenditure growth slowed in February, supporting hopes of a softer monetary policy approach from the Federal Reserve. Traders' bets of a 25-basis-point rate hike stand at 55.5%, with odds of a pause at 44.5%, according to CME Group's Fedwatch tool.
- SNAPSHOT Futures extend gains on softer inflation data Reuters.com
- Personal Income and Outlays, February 2023 Forex Factory
- Consumer Spending Report to Show Whether Strength Continued in February The Wall Street Journal
- So how are consumers feeling about the economy post-SVB? Marketplace
- A key inflation gauge tracked by the Fed slowed in February The Associated Press
- View Full Coverage on Google News
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