Home » Wall Street: futures stuck, expectations are growing for the US inflation data preferred by the Fed

Wall Street: futures stuck, expectations are growing for the US inflation data preferred by the Fed

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Wall Street: futures stuck, expectations are growing for the US inflation data preferred by the Fed

On Wall Street, futures on the main US stock indices are stuck around parity, after the negative session the day before, which saw the S&P 500 fall by 0.17% to 5,069.76 points and the Nasdaq Composite record a decline of 0, 55% at 15,947.74.

The Dow Jones Industrial Average closed down 23.39 points, -0.06%, at 38,949.02 points, under pressure for the third consecutive session.

The caution of investors is explained by the wait for the publication of the crucial data relating to inflation in the United States, measured by the PCE index, known to be one of the most monitored parameters by the Fed to guide its monetary policy, therefore for decide the direction of US rates.

The core PCE index for January is expected to grow by 0.4% on a monthly basis, after +0.2% in December.

If so, it would be the strongest monthly rise in about a year, despite those hoping for a rate cut by the Federal Reserve.

Estimates are also for an annual increase of +2.8% for the core component of the data.

For the headline PCE data, the outlook is instead for an increase of 0.3% on a monthly basis, compared to a trend of +2.4% on an annual basis.

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