US stock futures (ES=F, NQ=F, YM=F) are slightly down Friday morning following the latest data on Personal Consumption Expenditures (PCE), the Federal Reserve’s preferred inflation gauge. Core PCE rose 0.4% month over month and 2.8% year over year, whereas economists had expected a 0.3% and 2.7% increase, respectively.
Jefferies chief US economist Thomas Simons joins Morning Brief to discuss the data and its implications, noting that despite a slight miss in February’s PCE data, inflation remains on a disinflationary trend.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here: https://finance.yahoo.com/videos/series/morning-brief/
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