The personal consumption expenditures (PCE) price index rose 0.3% in March, compared to a 0.3% increase forecast by economists polled by Reuters. In the 12 months through March, PCE inflation advanced 2.7% against expectations of 2.6%.
Excluding the volatile food and energy components, the PCE price index increased 0.3% last month against expectations of a 0.3% increase. Annually, it came in at 2.8% versus forecasts of 2.7%.
At 8:32 a.m. ET, Dow e-minis were up 122 points, or 0.32%, S&P 500 e-minis were up 46.75 points, or 0.92%, and Nasdaq 100 e-minis were up 197 points, or 1.12%.
Source: Economy - investing.com
