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Stock market today: US futures slip further into the red with key inflation print on deck

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Personal Consumption Expenditures Price Index News

Inflation Report,Federal Reserve

Investors are waited for the release of the Fed's preferred inflation data, seen as a potential turning point for a market gripped by rate-cut jitters.

US stocks retreated further on Friday, as investors waited for a key inflation report seen as a potential turning point for a market gripped by rate-cut jitters and earnings disappointments.The Personal Consumption Expenditures price index update is seen as pivotal for stocks headed for a losing week, given it will include a look at the Federal Reserve's preferred gauge of inflation. The Dow has shed not far off 1,000 points in three sessions asto the Fed's rate-cutting timeline.

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