U.S. stocks closed slightly lower on Wednesday, a day ahead of a key Inflation reading that could heavily influence expectations for the timing of an interest rate cut from the Federal Reserve. The personal consumption expenditures (PCE) price index, the Fed’s preferred inflation gauge, is expected to show prices ticked 0.3% higher on a monthly basis in January. Stocks have struggled to retain upward momentum in recent days leading up to the data after a lengthy rally peaked last week on enthusiasm around the potential for artificial intelligence (AI), fueled by Nvidia’s (NVDA.O), quarterly earnings. Evidence of stubborn inflation in recent data […]

The post Wall Street Slips With Inflation Data On Deck appeared first on Vladimir Ribakov.