Sam Stovall, chief investment strategist at CFRA Research, said that the US PCE report released today is basically in line with analysts' expectations. There was little reaction from the stock and fixed income markets. The impact of this report is likely to be insignificant. However, it did confirm what Federal Reserve Chairman Powell said that the focus may be on employment trends because people believe that the inflation trend may continue to move towards the 2% target. He believes that inflation is not something the Federal Reserve is worried about. However, the Federal Reserve will keep a close eye on the employment situation.

Sam Stovall, chief investment strategist at CFRA Research, said that the US PCE report released today is basically in line with analysts' expectations. There was little reaction from the stock and fixed income markets. The impact of this report is likely to be insignificant. However, it did confirm what Federal Reserve Chairman Powell said that the focus may be on employment trends because people believe that the inflation trend may continue to move towards the 2% target. He believes that inflation is not something the Federal Reserve is worried about. However, the Federal Reserve will keep a close eye on the employment situation.