Fed's preferred inflation gauge highlights holiday-shortened trading week: What to know this week

Published On Nov 24, 2024, 7:28 AM

This week's trading will be influenced by key inflation data from the Personal Consumption Expenditures (PCE) index and corporate earnings reports amid a holiday-shortened schedule. Investors are particularly focused on inflation metrics to gauge the Federal Reserve's interest rate plans, as recent readings have shown stubborn inflation that complicates prospects for future rate cuts. Notably, while monthly trends show some stability, year-over-year increases indicate the Fed may continue its cautious approach. Corporate earnings from major players like Zoom, Dell, and Best Buy are also set to shape market sentiment this week.

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Anticipated PCE inflation data could impact investor sentiment regarding the Fed's interest rate decision, possibly leading to volatility in stocks. High inflation figures may deter rate cuts, potentially negatively impacting most sectors. However, technology and consumer discretionary stocks may respond positively if earnings reports are strong despite inflation concerns.

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