PCE Inflation Data Make Markets Reevaluate Strategy? This Is What's Happening In The Financial Market!


 US stock market index futures maintained losses on Friday as investors reassessed inflation readings that were mostly sufficient to determine the timing of the Federal Reserve's monetary policy easing.

A US Commerce Department report showed the personal spending index rose by 0.2% month-on-month in December, in line with the expectations of economists polled by Reuters. Annually, it increased by 2.6%.

The core figure, which excludes volatile items such as food and energy – the Fed's preferred inflation gauge – rose 0.2% on a monthly basis, compared with an expected 0.2% increase. In annual terms, it increased by 2.9%, compared to an estimated increase of 3%.

Dow Index e-minis were down 96 points or 0.25%, S&P 500 e-minis were down 9.25 points or 0.19%, and Nasdaq 100 e-minis were down 88.25 points or 0.5%.

The US dollar index which measures the US dollar against six major currencies was traded down 0.34% to a trading level of 103.017.