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AFP via Getty ImagesKey takeaways
July’s PCE headline and core inflation both ticked higher but in line with analyst predictions
Investors are increasingly confident of a pause in interest rates from the Fed in September
The three major markets were mixed at the data set, with more jobs stats to come on Friday
It’s that time of the month again: the inflation reports are coming out thick and fast, with the PCE inflation results the next in line. They revealed pretty much what economists and Wall Street analysts expected, with core inflation edging slightly higher and further cementing the view that inflation will be hard to tackle at this stage.
What happens next with interest rates? As always, it’s a delicate balancing act between helping and harming the economy for the Federal Reserve. With the markets again choosing to look at the bright side, it was a solid stock trading day. Here’s the latest.
In a wo …
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