Key US stock indices rose on Thursday amid the Fed's preferred inflation indicator matching expectations. According to statistics released yesterday, the price index of personal consumption expenditures (PCE) in January amounted to 2.4% in annualized terms and 0.4% in monthly terms, which coincided with analysts' forecasts. The core price index for personal consumption expenditures, which excludes food and energy, was 0.4% and 2.8%, respectively, data from Investing.com showed.

The Fed pays close attention to the PCE when deciding on the key rate. High values of this indicator indicate the growth of inflationary pressure and exclude the easing of monetary policy. The target level of PCE is 2%. As yesterday's statistical data showed, in monthly terms both versions of the indicator showed growth compared to December, but remained within the expected figures, which was a positive signal for investors.

At the end of the day, Dow Jones rose by 0.12%, S&P 500 - by 0.44%, Nasdaq - by 0.90%.