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Stock impact report

Core PCE Increased More Than Expected [Yahoo! Finance]

Automatic Data Processing, Inc. (ADP) 
Last automatic data processing, inc. earnings: 4/29 06:56 am Check Earnings Report
US:NASDAQ Investor Relations: investors.adp.com
Company Research Source: Yahoo! Finance
The Dow is currently down -90 points, the S&P 500 is -16 and the Nasdaq is -80 points at this hour. Bond yields are hovering steadily in the +4.32% range on the 10-year, +3.98% on the 2-year. The Fed's preferred inflation gauge, the monthly PCE report, shows headline steadiness with some undercurrents of inflation getting a bit warmer. Needless to say, this is not what analysts were hoping for, with tariff measures on deck for next week. Personal Income for February actually doubled expectations to +0.8%, up from the downwardly revised +0.7% the previous month. Still, not too shabby on the income side. Meanwhile, Personal Spending swung to a positive as expected, but 10 basis points (bps) lower, to +0.4%. The previous month was revised down 10 bps to -0.3% on the spending side. So we see the consumer doing fairly well on these metrics. Headline PCE Index month over month was eminently steady at +0.3%, with year-over-year remaining at +2.5%. These are still higher than the Fed's Show less Read more
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