Market Analysis: PCE data helps the Federal Reserve maintain one to two rate cuts within the year

After the release of PCE data, stock index futures rose while long-term bond yields fell. People's first reaction seems to be that milder inflation data could mean the Federal Reserve might further cut interest rates. Robert Ruggirello, Chief Investment Officer at Brave Eagle Wealth Management, said in a report: "Although additional rate cuts may still be several months away, we believe this report will help the Fed maintain one to two rate cuts in 2025."