Please try another search
© Reuters.
By Liz Moyer
Investing.com -- Stocks rose on Thursday as investors tried to get past fears about the banking sector and looked forward to the Federal Reserve's next move on interest rates.
One key data report the Fed will be looking at is tomorrow's inflation numbers for February. Analysts expect the growth in spending and consumption slowed in the period, which happened before the bank turmoil in March disrupted sentiment even more.
Futures traders are about evenly split on the Fed's next move. About half of them are betting on a rate hike of a quarter of a percentage point, while the other half believe the Fed will pause when it next meets in May.
By then, most of the S&P 500 will have run through first-quarter earnings reports, with investors listening to executives to see if their forecasts for the year have shifted any with the prospect of the Fed getting closer to the end of its rate hiking.
Here are three things that could affect markets tomorrow:
1. Core PCE
The Fed's preferred inflation reading is the personal consumption expenditure index, which is expected out at 8:30 ET tomorrow (12:30 GMT). Analysts expect the core PCE, which strips out energy and food prices, will rise 0.4% from the prior month and 4.7% for the year through February.
2. Spending and income
Another batch of numbers focuses on spending and income, also due out at 8:30 ET. Personal income is expected to rise 0.2% for the month, and personal spending is expected to rise 0.3%. Both would be at a slower pace than the previous month.
3. Michigan sentiment
The latest University of Michigan consumer sentiment reading is due out at 10:00 ET. Analysts expect the March reading to be 63.2, a tiny dip from the prior reading.
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.