S&P 500 Is on Pace for a New Record as Market Rally Gains Steam

Core Insights - Major indexes experienced gains, which accelerated following the release of personal consumption expenditures (PCE) price indexes for September, indicating a stable inflation environment [1] - The headline PCE increased by 0.3% from August, surpassing expectations of 0.2%, suggesting stronger consumer price pressures than anticipated [1] - The core PCE, which excludes food and energy prices, matched expectations with a monthly increase of 0.2%, indicating consistent underlying inflation trends [1]