U.S. Markets Closed for Good Friday as Latest Inflation Data Released

The release of February's PCE index on a market holiday may influence Fed's future rate decisions.

U.S. markets were closed on Good Friday, March 29, 2024, in observance of the holiday, with the U.S. bond market closing early the day before.
The release of February's personal-consumption expenditures (PCE) index on Good Friday brought the latest inflation data, showing a rise in prices that may impact Federal Reserve rate decisions.
The PCE data, the Fed's preferred inflation gauge, showed a monthly increase of 0.3% and an annual rate increase to 2.5% in February.
Despite market closures, the inflation report's release was significant, as it could influence the Fed's plans to cut rates three times in 2024.
Major U.S. stock indexes ended the first quarter mostly higher, with the S&P 500 and Dow Jones Industrial Average setting new records.