Lower-Than-Expected PCE Data Failed To Help Markets (SP500)
· seekingalpha.com
S&P 500 fell after a PCE-driven rally as yields rose and core inflation cooled. Fed officials see no urgency for another hike. See more details here.
At first glance, today's PCE report looked like a positive surprise for markets. The S&P 500 today traded at +0.5% around midday, and the odds of an October hik...