Refinitiv Newscasts - Trading at Noon: Signs the Fed's fight against inflation is working

Virgin Orbit Holdings

31/03/2023 17:08

Click the following link to watch video: https://share.newscasts.refinitiv.com/link?entryId=1_i8dnn2zq&referenceId=1_i8dnn2zq&pageId=RefinitivNewscasts
Source: Reuters

Description: The PCE price index - the Federal Reserve's preferred measure of
inflation - came in below estimates as it rose by 0.3% last month. Consumer
spending, which accounts for more than two-thirds of U.S. economic activity,
increased by just 0.2% last month. In January it rose by 2%. This data could
give investors hope that the central bank's tightening cycle is approaching
the end.
Short Link: https://refini.tv/3G51R1r

Video Transcript:

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