Markets Brace for August PCE Data as Tech Stocks Waver Amid Rate Cut Uncertainty
Markets Brace for August PCE Data as Tech Stocks Waver Amid Rate Cut Uncertainty U.S. stock futures remained largely unchanged this morning as investors keenly await the release of August’s Personal Consumption Expenditures (PCE) price index, the Federal Reserve’s preferred inflation gauge. The report, expected to show an uptick in inflation, is poised to influence market sentiment regarding potential Fed interest rate cuts. Futures tied to the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 all saw minimal movement,…