As the week begins, markets in Europe and globally are experiencing a slow start due to upcoming holidays. Despite the subdued activity, the U.S. is scheduled to release the Federal Reserve’s preferred inflation gauge on Friday, even with domestic markets closed.
Analysts anticipate a 0.3% increase in the U.S. core personal consumption expenditures (PCE) price index for February, maintaining an annual rate of 2.8%. Additionally, the headline index is expected to rise by 0.4% for the month and 2.4% for the year.
Amidst market movements, North Carolina Senator Thom Tillis’s office has reported receiving approximately 1,000 threatening calls related to the popular app TikTok. These calls follow legislative efforts to ban the app if its Chinese owner fails to divest its stake.
TikTok, in turn, has encouraged its predominantly youthful users to contact their representatives, fostering a heightened sense of urgency.
Source: AP News