Stock Market Today: Dow, S&P Live Updates for February 29 – Bloomberg

Wall Street traders fearing another disappointing inflation report got a degree of relief after the Federal Reserve ’s favored price gauge was on spot with estimates .Bond yields fell as the core

personal consumption expenditures index added to bets the Fed will be able to cut rates as early as June . While the PCE is still above the central bank’s 2% target — giving credence to officials’ wait-and-see approach — the data helped allay concerns about a more significant inflation increase.