Source: The Patriot Light | AWK Network | VIEW ORIGINAL POST ==>
Investing.com — Wall Street is seen trading slightly lower Wednesday ahead of the release of key inflation data, which could guide future Federal Reserve policy.
1. Key US inflation release due
The US is set to release the , the Federal Reserve’s preferred gauge of underlying inflation, later Wednesday.
There remains a degree of uncertainty over whether the US central bank will deliver another 25-basis point cut in December given recent stubbornly strong inflation data.
While the US is due to release November data on both consumer and producer prices before the Fed’s next meeting on Dec. 17-18 this will be the final PCE report before then.
Economists are expecting the PCE index to have risen 2.3% annually in October, an increase from 2.1% the prior month.
The of the Fed’s November meeting, released Tuesday, suggested members continue to support a gradual approach to monetary policy easing.
2. Futures just lower ahead of inflation release
US stock futures edged lower Wednesday, with investors acting cautiously ahead of the release of Federal Reserve’s most closely followed gauge of inflation.
By 04:00 ET (09:00 GMT), the contract was down 25 points, or 0.1%, …
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