US Stock Market Holds Steady as Investors Await Key Inflation Data
The S&P 500 inched up by 0.15% as US stock market indexes remained close to their record highs. This comes as investors await a key inflation report, the Personal Consumption Expenditures (PCE) index.
Recent mixed labor market data has led some investors to believe the Federal Reserve may soon cut interest rates. The PCE inflation data is closely watched because it is a factor in the Fed's decisions about rates.
The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite are the main indexes that track the performance of the US stock market.
The PCE inflation data measures changes in the prices of goods and services that people in the US buy. It's a key indicator of inflation watched by the Federal Reserve.
Interest rates affect how much it costs to borrow money. Lower rates can make it cheaper for companies and people to borrow, which can help the economy and potentially boost stock prices.
They are stock market indexes that track how groups of major US companies are performing. They help investors see overall trends in the market.
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