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Wall Street traders pushed bonds lower while stocks wavered, with the latest economic data doing little to change expectations that the Federal Reserve will raise interest rates this year. [08:30 ET] US PCE Price Index YoY Actual 3.7% (Forecast 3.6%, Previous 3.7%) [USD and Treasury Yield Strength, S&P 500 Weakness]
Wall Street traders pushed bonds lower while stocks wavered, as the latest economic data did little to shift expectations that the Federal Reserve will raise interest rates before year-end. [08:30 ET] US PCE Price Index YoY Actual 3.7% (Forecast 3.6%, Previous 3.7%) [USD and Treasury Yield Strength, S&P 500 Weakness]
Stocks and bonds fell on mixed economic data, with the market waiting for Nvidia's results to see if the artificial-intelligence trade has more room to run. [08:30 ET] US PCE Price Index YoY Actual 3.7% (Forecast 3.6%, Previous 3.7%) [USD and Treasury Yield Strength, S&P 500 Weakness]
US PCE price index increased 3.7% YoY for July, compared with a 3.6% estimate.
US PCE Price Index YoY Actual 3.7% (Forecast 3.7%, Previous 4.1%)