*
STOXX rises 0.5%
*
PCE index moderates, cooler than expected
*
EZ core CPI accelerates, headline drops
*
U.S. 10-year Treasury yield at 3.53%
Welcome to the home for real-time coverage of markets brought to
you by Reuters reporters. You can share your thoughts with us at
PUNCH BOWL OR PROHIBITION, THE FED DECIDES (0915 EDT/1315
GMT)
Is the Fed bringing back the punch bowl after inflation
decelerated a bit more on Friday as many stock investors clamor
for, or are policymakers going to declare an era of moderate
Prohibition is in store - in line with glum bond investors?
The yield on two-year Treasury notes , which move
in step with interest rate expectations, slid 7 basis points
after the personal consumption expenditures (PCE) price index
for February was released. Stock futures were edging higher.
Boston Fed President Susan Collins told Bloomberg TV that
PCE, which the U.S. central bank tracks for its 2% inflation
target, was "about what was expected" and that the Fed "still
has more work to do to lower inflation."
PCE increased 0.3% last month after accelerating 0.6% in
January. In the 12 months through February, the PCE price index
advanced 5.0% after rising 5.3% in January.
Core PCE climbed 0.3% after increasing 0.5% in January, and
on a year-on-year basis rose 4.6% last month after gaining 4.7%
in January.
(Herbert Lash)
*****
FOR THURSDAY'S LIVE MARKETS POSTS PRIOR TO 0900 EDT/1300 GMT
- CLICK HERE
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Q1 world markets stoxx 310323 Morgan Stanley's 35 picks for 2025 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
