The Federal Reserve's most concerning inflation data has been released: basically in line with expectations, and the consensus on interest rate cuts remains unchanged.
Against the background of the core PCE price index slightly higher than expected in the second quarter, the Bureau of Economic Analysis slightly revised its May data.
In June, the core PCE in the USA slightly exceeded expectations, and the market's expectations for interest rate cuts remained stable.
The PCE report still conveyed an encouraging signal to the Federal Reserve, indicating that they can cool inflation without harming the economy.
US Stock Market Outlook: Core PCE is higher than expected! Three major indices are strong, and growth tech stocks are booming before the market opens; Wedbush is not afraid of the cooling of the "AI fever": the valuation of growth tech stocks is more heal
BlackRock co-founder: If Trump is elected US president, it will pose a risk to US stocks. Fierce local competitors, iPhone's market share in China dropped out of the top five for the first time in four years. Deckers rose more than 12% before the market, Q1 profit and revenue exceeded expectations, and raised its full-year profit forecast.
This week's hottest US stocks | Earnings season coincides with the "technology stock selloff"! Spotify rose more than 11% against the trend, with two military industry giants collaborating to reach a new high.
Music streaming giant Spotify rose by 11.47% this week, hitting a new high for the year, and next quarter's profit guidance is far beyond expectations. Military industry giants RTX Corp and Lockheed Martin join hands to create new highs.
Why did the global market suddenly make a 180-degree reversal, causing all the hot topics to be dumped and hit during the year?
After mid-to-late July, investors across different assets suddenly realized that the situation of various asset classes is drastically different from earlier this year. Assumptions that drove the global financial markets this year are now facing the risk of being overturned one by one.
With the impact of Trump's policies, how will the Federal Reserve stabilize its inflation control plan?
The general view is that Trump's policies, especially his tariff agenda and the eviction plan for undocumented workers, may reignite inflationary pressures, forcing the Federal Reserve to adopt a more stringent monetary policy.