Fed Inflation Rate Spikes, GDP Growth Slows: What It Means for Rate Cuts and S&P 500 Futures
Washington, D.C. – The Federal Reserve’s core inflation measure surged in the first quarter, accompanied by a slowdown in U.S. GDP growth that was greater than anticipated, according to the Commerce Department’s report on Thursday. Following this data, S&P 500 futures experienced extended early losses, indicating a potential delay in Fed rate cuts. The core PCE price index, the key inflation gauge for the Federal Reserve, saw a 3.7% annual increase in the fourth quarter, …