Last Inflation Report Pushed Markets To Record Highs In June: Could It Happen Again Friday? 5 ETFs To Watch

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Last Inflation Report Pushed Markets To Record Highs In June: Could It Happen Again Friday? 5 ETFs To Watch - Benzinga

Quick Summary:

The inflation report that’s closely watched by the Federal Reserve — the Personal Consumption Expenditure price index — was published on May 31 for April data and sparked a fresh market rally in June, pushing major indexes to their all-time highs.

The PCE price index is expected to decrease from 2.7% year-on-year in April to 2.6% in May, according to economist consensus data gathered by Econoday.

The core PCE price index is projected to drop from 2.8% to 2.6% year-on-year in May, potentially reaching its lowest level since March 2021.