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PCE Data Hits Fed's Bullseye, Markets Exhale
Episode 554
Published 1 year, 8 months ago
Description
The release of the Personal Consumption Expenditure (PCE) index throws a lifeline to those concerned about inflation and monetary policy. The data, aligning with expectations, offers a momentary sigh of relief. Investors remain on edge, worried about the impact of a full-blown trade war on US economic growth. Yesterday, the indices teased us with a brief rebound before stumbling, dragged down by the technology sector. Nvidia, despite reporting impressive quarterly profits, saw its shares drop by over 8%.
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