Wall Street is awaiting a critical inflation figure, so Friday’s stock futures trading was close to flat. Dow Jones Industrial Average-linked futures took a 5 point tumble.
The difference between S&P 500 and Nasdaq 100 futures was less than 0.1%, with the latter declining by 0.2%. The August PCE price index is expected to be released at 8:30 a.m. ET, and traders are anticipating it.
Policymakers and Wall Street alike are expecting for numbers that reflect a slowing trend in the so-called PCE, the Federal Reserve’s favoured inflation indicator.
Dow Jones economists predict that the headline PCE increased by 0.1% from the previous month and at an annualised pace of 2.3%.
Source (CNBC)
