US PCE Inflation Tops Forecasts, Lifts Dollar and Yields; Stocks Little Changed
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View chart & analysis → - 1U.S. inflation came in above expectations on Wednesday, sending the dollar and Treasury yields higher and leaving Wall Street in a narrow mixed range.
- 2The Fed's preferred headline PCE rose 0.2% month-over-month, topping the 0.1% estimate, while the annual rate climbed to 3.7%.
- 3Traders see roughly a 60-40 odds of a rate hike next month and are watching Fed Chair Warsh's speech on Friday.
This 3-line summary is compiled from the report below.
Reuters View original ↗
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