On Friday, the U.S. May core PCE inflation increased by 2.6%, the lowest in more than three years. The short-term inflation outlook for U.S. consumers fell, temporarily lowering the dollar and U.S. Treasury yields, and boosting market bets on rate cuts. U.S. stocks fell on the last trading day of June. After hitting new highs during the session,$S&P 500 Index(.SPX.US)$and$Nasdaq Composite Index(.IXIC.US)$both closed lower along with$Dow Jones Industrial Average(.DJI.US)$, possibly ...
It's hard to believe that almost two years ago, just 16% of Aussies held direct international shares (according to the ASX Investor Study), but now Aussies are investing and trading in US stocks like never before. See Instagram post for more or read on With the 2024 financial year just closed off June 30 2024, we had a game changing year as investors chased momentum and returns, backed by strong earnings ...
razo2 :
this is not true. this clearly shows that PCE is lagging by a lot. last CPI reading oil is at 75. today oil is back at 82. it will show in the MoM reading sooner or later. that is why the market is doubtful about the federal government, heck even some of the new members are doubtful of themselves.