Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expected
- U.S. stocks gained after August consumer prices rose 3.4% from a year earlier, below economists’ 3.7% forecast but above the Federal Reserve’s 2% target.
- The S&P 500 rose 0.4%, while the Nasdaq gained 0.9%.
- Traders reduced expectations for a Federal Reserve rate increase next month, seeing a 39% chance compared with about 50% the previous day, according to CME Group data.
- Hewlett Packard Enterprise and Nvidia helped lift the market, while Cal-Maine Foods fell after reporting a larger-than-expected quarterly loss.
194 Articles
194 Articles
The Dow Jones lost 0.86% and the expanded S&P 500 index fell by 0.25%. Only the Nasdaq index finished in the green (+0.24%). According to the PCE index published on Wednesday, prices rose by 3.4% over a year in the United States in August. The market was down by 3.7%. At the same time, US economic growth in the second quarter was significantly revalued upwards (+2.2% annualized, compared to +1.5% previously reported). "These reports have strengt…
Mixed trends prevailed on the New York Stock Exchange. In the wake of the publication of new data on the course of inflation in the US, which strengthened investor forecasts that the US central bank (Fed) will not raise interest rates in October. The Dow Jones industrial average closed down 443.87 points (-0.86%), at 50,906.05 points. The Nasdaq index, dominated by technology companies, closed up 65.52 points (+0.24%), at 26,861.06 points. The b…
US investors are eagerly looking at the consumer price index, which indicates a cooling inflation. Interest-rate fears are decreasing, especially tech-values are accounting for profits. However, rising bond yields provide a damper to the end of the day.
S&P 500 falls 0.25%, Dow loses 444 points, while Nasdaq gains 0.24%; European stocks finish lower
Cooling Inflation Report Hands GOP a Massive Pre-Election Weapon
Cooling Inflation Report Hands GOP A Massive Midterms Weapon Republicans heading into the midterms just caught their biggest break of the campaign cycle, and they should be “absolutely overjoyed.” That is the verdict from news analyst Tony Katz after the latest Personal Consumption Expenditures (PCE) price index arrived at 0.3% for the month—with core […]
Oskaloosa Herald
The Northern Virginia DailyWall Street swirls after data show inflation isn't as bad as thought, while the US economy is better
The U.S. stock market is recovering its losses for September and on track to finish the month with a small gain after an encouraging report said inflation wasn’t as bad across the United States last month as economists expected. But…
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