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Wall Street futures fractionally higher after the release of the Fed’s preferred inflation measure.
A few minutes after the opening, the derivatives on Dow Jones, S&P500 and Nasdaq travel just above parity, heralding a slightly positive start.
The core price index of personal consumption expenditure (core PCE) slowed year-on-year growth from 4.7% to 4.6%, fueling cautious optimism about a reduction in inflationary pressures as a result of the tightening monetary policy of the Fed.
Euro/dollar slightly below 1.09 while on bonds the yield of the US two-year bond remains unchanged at 4.12% and the ten-year bond falls slightly to 3.53%.