Fed's Key Inflation Rate Aligns with Expectations, Boosting S&P 500 The Federal Reserve’s primary inflation gauge, the core personal consumption expenditures (PCE) price index, maintained a steady pace in the fourth quarter, aligning with expectations and supporting a buoyant stock market. The Commerce Department data revealed that the U.S. GDP growth slowed less than anticipated, with the core PCE price index rising at an annual rate of 2% in Q4. This consistency, marking the second consecutive quarter of 2% annualized inflation, aligns with the Federal Reserve’s target and follows higher increases earlier in the year. The news, indicating manageable inflation levels, bolstered investor optimism and led to a solid rise in the S&P 500, which achieved another record closing high. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Argentina's Inflation Eases in Milei's Debut Month Amid Economic Overhaul READ MORE The Commodities Feed: China buys more gold in February READ MORE How & Where to Buy Silver Bars (2024 Buyers Guide) READ MORE SAXO Bank: Gold is Ready to Rise READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment