A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street looks set to end the shortened week slightly punch drunk, with Friday's May inflation update set to be a decider after a ...

Analysts expect the April headline PCE to rise by 0.3% m/m and 2.7% y/y, potentially pushing the Fed further from its 2% inflation target. Core PCE is also expected to rise by 0.3% m/m and 2.8% y/y, ...

The January core PCE data spiked by 0.5%, after the revision - that's significant. The February core PCE confirms that inflationary pressures are building. Thus, the Fed is unlikely to cut in June, ...

The March Personal Consumption Expenditures price index is forecast to show a mixed picture of inflation trends, potentially reinforcing the Federal Reserve’s resolve to hold off on interest rate ...