#MarketRebound A few things were contributing to Friday's rebound in U.S. stocks, according to professional market-watchers.
The most obvious was the PCE data released earlier. It showed prices had risen less quickly than economists had expected last month.
Commentary from two senior Fed officials — Chicago Fed President Austan Goolsbee and New York Fed President John Williams — also helped reassure investors that the central bank would likely continue cutting interest rates in 2025, albeit at a slower pace.
Finally, data from the University of Michigan helped to further rebut investors' fears about sticky inflation by showing that respondents' expectations regarding the pace of inflation over the coming year had moderated.