Nasdaq 100 Trims Gains as Fed’s Favorite Inflation Gauge Rises More than Expected

June U.S. Core PCE rises to 4.8% y-o-y from 4.7% y-o-y in May, a sign that inflationary pressures are struggling to cool and that the Fed has a long way to go to restore price stability.

from DailyFX – Market News https://bit.ly/3ODEFc9
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