Stock Futures Head Higher After PCE Inflation Report Matches Estimates

Core Insights - The stock market experienced a rebound after a three-day slump, driven by positive economic data regarding inflation [1] Economic Indicators - The personal consumption expenditures (PCE) price index increased at an annual rate of 2.7% [2] - The core PCE, which excludes food and energy prices, rose by 2.9% year-over-year, aligning with economists' expectations [2] - Stock futures showed positive movement, with Nasdaq, Dow, and S&P 500 futures each up by 0.5% prior to the inflation report [2]