PCE Inflation Increased In Line With Expectation

Today’s pre-market activity is positive, with futures in the green across major indexes: the Dow is +110 points at this hour, with the S&P 500 +26 and the Nasdaq leading the way, +158 points. The small-cap Russell 2000 is +5. Each of these indexes has been trading +1% or higher through the past five trading days, and between +4% (Nasdaq) and a robust +7% (Dow) off its January lows.PCE Numbers In-Line for DecemberThe Fed’s preferred gauge for inflation is the Personal Consumption Expenditures (PCE) report, w ...