US PCE Price Index YoY (Jan) Y/Y 2.8% vs. Exp. 2.8% (Prev. 2.9%, Low. 2.3%, High. 3.0%)
The US PCE Price Index year-on-year for January came in line with expectations at 2.8%, slightly down from the previous month’s 2.9%.
US Secretary of War Hegseth says that there is no clear evidence that Iran has laid mines in the Strait of Hormuz
Daily US Equity Opening News - ADBE falls after announcing CEO to step down; META delays Avocado AI model
US PCE Price Index YoY (Jan) Y/Y 2.8% vs. Exp. 2.8% (Prev. 2.9%, Low. 2.3%, High. 3.0%)
NBP's Maslowska says the Bank may only hike if CPI shocks are sustained
General Caine says US forces are continuing to go after Iran's mine-laying capabilities
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Given that this data confirms the current inflation trajectory, it holds implications for Fed policy, particularly in terms of interest rate decisions moving forward; markets will likely assess whether this validates a steady approach or suggests a need for increased vigilance on inflation.
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