PCE Data Influences Market Trends With Rising Futures And Falling Bond Yields

According to Odaily, following the release of the PCE data, stock index futures rose while long-term bond yields declined. The initial reaction suggests that the milder inflation data might indicate a possibility for the Federal Reserve to further reduce interest rates. Robert Ruggirello, Chief Investment Officer at Brave Eagle Wealth Management, stated in a report that although additional rate cuts may still be several months away, this report supports the likelihood of one to two rate cuts by the Federal Reserve in 2025.