The personal consumption expenditures index report by the Bureau of Labor Statistics was released on Thursday morning.

Investors will get two major inflation reports this week, with the February PCE Price Index on Thursday and the March Consumer Price Index on Friday. The release of the PCE data isn’t all that fresh,

The consumer price index was expected to show a 3.3% year-over-year gain in March, according to the Dow Jones consensus.

Consumer prices increased by 0.9% last month due to spiraling energy costs from the US-Israeli attack on Iran.

On Thursday, the ASX 200 ended the day in positive territory, while the Hang Seng Index and the Nikkei ended the session in the red. FOMC members Raphael Bostic, Susan Collins, and Fed Vice Chair John Williams created uncertainty about an H1 2024 Fed rate cut.

The Consumer Price Index numbers for May came out on Wednesday. The seasonally adjusted number was up 0.1% in May, a drop from April’s 0.2%. except for March, it was the lowest monthly inflation figure since July 2024. Over the last 12 months, inflation ...

The producer price index, a measure of what producers receive for the goods they produce, increased 0.5% in April and was up 2.2% on a 12-month basis, the biggest gain in a year. The core PPI also rose 0.5% compared with the 0.2% Dow Jones estimate.