COST Jul 2024 710.000 call

Stocks eye PCE, rate cut forecast, retail earnings: 3 Things

Stocks (^DJI, ^IXIC, ^GSPC) are eager to cap off the final trading week of May on a high note ahead of the Federal Reserve's preferred inflation gauge data, the Personal Consumption Expenditures (PCE) Price Index, due out on Friday, May 31. Investors pull back their forecasts for potential interest rate cuts in September as more Fed officials seek more clarity from fresh inflation data. Costco (COST), Best Buy (BBY), and Dollar General (DG) are just some of the major retailers that will be reporting earnings this week. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.