Dow, S&P 500, Nasdaq Futures Pull Back From Record Highs as PCE Inflation Data Meets Expectations

Markets hit pause on the rally as inflation data delivers exactly what Wall Street predicted—because nothing says 'efficient markets' like everyone reacting simultaneously to zero surprises.

The PCE Show

No fireworks here. The Personal Consumption Expenditures report landed right on target, matching economist estimates to the decimal. Traders yawned—then promptly hit the sell button.

Record High Hangover

All three major indices retreated from their peaks. Futures dipped across the board as the 'buy everything' momentum finally encountered reality. Turns out even markets need to breathe occasionally.

The Fed Watch Continues

With inflation playing along exactly as forecast, the pressure's back on Jerome Powell's next move. Because clearly, what the financial world needs is more speculation about what one person might say next month.

Another day, another data point that changes nothing but moves everything. Wall Street's pricing perfection leaves zero room for surprise—until the next surprise comes along.