Market participants failed to make big moves Friday as Wall Street looks ahead to next week's Federal Reserve meeting. Still, there was plenty of news hitting the wires, including the latest inflation update and another round of corporate earnings reports.
Ahead of the open, the Bureau of Economic Analysis said the Personal Consumption and Expenditures (PCE) index, the Fed's favorite inflation indicator that measures consumer spending, was up 0.2% month-over-month in December, well above the 0.1% decline from November. The 2.6% annual rise matched what was seen the month prior.
