#PCEMarketWatch The U.S. PCE inflation report (the Federal Reserve’s key inflation indicator) shows inflation still slightly high.

Latest data: PCE inflation ~2.8% YoY, while Core PCE reached about 3.1%, the highest level in nearly two years.

Reuters +1

Because inflation remains above the Fed’s 2% target, the Federal Reserve may stay cautious about cutting interest rates.

us.plus500.com +1

Markets reacted positively: stocks rose while bond yields fell after the data release.

Reuters

In short:

Investors are closely watching the PCE inflation data because it strongly influences Federal Reserve interest-rate decisions and global markets. 📊💵