The Personal Consumption Expenditures (PCE) price index, a key inflation gauge that the Federal Reserve closely monitors, showed only a modest increase in June. The core PCE inflation, which excludes…
Top News
-
-
Editor's PicksTop News
US stocks surge on signs of cooling inflation; September rate cut hopes alive
Investing.com– U.S. stocks rose Friday, helped by data showing cooling inflation, lifting the chances of interest rates cuts near term. At 06:0 ET (10:50 GMT), Dow Jones Industrial Average rose…
-
Investing.com– Bitcoin price jumped on Friday, recovering some measure of losses this week as crypto markets awaited an address by Republican presidential nominee Donald Trump at the Bitcoin Conference this…
-
Investing.com — Just as our premium users struck gold with our AI’s pick on Molina Healthcare (NYSE:MOH), which rallied 12.5% following a strong report on Wednesday after the close, two…
-
Bank of America economists expect the Federal Reserve to maintain its policy rate unchanged in July while indicating that progress on reducing inflation has resumed. The Fed is optimistic about…
-
Editor's PicksTop News
Doesn’t matter who wins election, Fed will start cutting rates in September and proceed into 2025: Citi
The Federal Reserve’s path for monetary policy likely remains unaffected by the outcome of the upcoming U.S. presidential election or the composition of Congress, Citi economists said in a Thursday…
-
Tesla (NASDAQ:TSLA) stock has been downgraded to a Sell recommendation by Philip Securities analysts, who said there is “not much to like” about the electric vehicle (EV) giant following its…
-
Editor's PicksTop News
PCE release, Apple’s Chinese sales, European earnings – what’s moving markets
Investing.com — Wall Street looks set to end a difficult week on a bright note, although the release of the Federal Reserve’s favorite inflation gauge later in the session could…
-
Editor's PicksTop News
Q2 GDP, PCE data ‘not enough to seriously challenge September Fed cut’: Evercore
The latest batch of gross domestic product (GDP) and personal consumption expenditures (PCE) data came in a bit stronger than expected, yet “not enough to seriously challenge” expectations of a…
-
Investing.com– Most Asian stocks rose on Friday as heavyweight technology shares steadied from several sessions of steep declines, although regional indexes were still set for deep weekly losses. Regional stocks…