*U.S. STOCK INDEX FUTURES FALL AHEAD OF PCE INFLATION DATA - 🇺🇸🇺🇸
Global equity funds lost $7 billion in outflows in the week through Feb. 22, while $3.8B left cash funds, according to a note from Bank of America, citing EPFR Global data, as investors positioned for the risk that the Federal Reserve retains a hawkish bent.
is widely expected to raise rates another quarter of a percentage point when it meets in March, followed by another in May and possibly also in June, pushing the terminal rate to 5.2% or above., the Fed’s favorite gauge of inflation, is due later this session, and could provide more ammunition for the U.S. central bank to continue pushing interest rates higher.on a year earlier, compared with 4.4% the previous month, suggesting inflation is proving to be hard to tame.
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