Despite the US stock market being closed on Good Friday, the Bureau of Economic Analysis released the Personal Consumption Expenditures (PCE) report, showing that the month-over-month inflation was lower than expected. Federal Reserve Chair Jerome Powell also spoke at 11:30 am. The PCE data met estimates compared to last year, aligning with the Fed's goals.
The markets are closed today, but we did get some important inflation news this morning. PCE (personal consumption expenditures) vs last year met estimates and the month over month was lower than expected. This is pretty much what the FED wanted to see. The annual rate is now… https://t.co/auniH8Ie21
Even with the market closed today, PCE is going to be released in 4 minutes.
PCE report: Fed's preferred inflation gauge and Powell remarks awaited on market holiday https://t.co/cFSvWfIN8Y via @marketwatch
Yes, US markets are closed today, #GoodFriday. But the government is open and the good folks @BEA_News will publish February PCE numbers in 10 minutes. Join me on @BloombergRadio for the numbers and analysis!
Remember, US market is closed tmrw but we still have PCE at 8:30am and Powell speaks at 11:30am
REMINDER: Even with the PCE being released tomorrow at 8:30 a.m. ET, the stock market is CLOSED.
PCE & powell tomorrow no mkt
PCE will be out at 8:30am tmrw and Powell will be speaking at 11:30am, despite Good Friday in markets
Remember Core PCE data tomorrow morning even though market is closed
Fri 3/29 1. PCE & powell 2. mkt closed