PCE Steady, GDP Revised Higher
Friday, the Bureau of Economic Analysis’ PCE release showed the Fed’s preferred inflation gauge rose 2.7% year‑over‑year in August, with the core PCE (ex food and
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Fresh coverage on the economy, markets, and the forces moving money.
Stocks Bounce, Volatility Lurks
Friday, US equities rallied as the in‑line PCE reading removed one tail‑risk: the major indexes rose with the Dow up about 0.7%, the S&P 500
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Tariffs Re‑Ignite Price Risk
Yesterday, the White House unveiled a fresh slate of import levies that could lift consumer costs in targeted categories and add noise to inflation readings. The administration announced new tariffs
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Growth and Jobs: Resilient Data
Yesterday, the Commerce Department’s final revision showed the U.S. economy expanded at an annualized 3.8% pace in Q2 — a material upgrade from earlier estimates and evidence of
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PCE: Core Inflation Steady
Today, the Federal Reserve’s preferred gauge of consumer prices showed core Personal Consumption Expenditures held near recent levels, a result that keeps markets focused on the timing of further
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Stocks Tick Higher After PCE
Today, U.S. equities moved higher after the PCE report came in line with expectations and eased an immediate concern that inflation was accelerating again. The Dow Jones Industrial Average
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US Backstop For Argentina?
U.S. Treasury Secretary Scott Bessent signaled that “all options” are on the table to stabilize Argentina, including potential loans to the central bank, direct FX support, and purchases of
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H‑1B Fee Shock Hits IT
The White House proposed a $100,000 annual fee for each H‑1B visa, prompting multinationals to advise affected staff to avoid travel as details shake out. U.S. tech
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Macro Resilience, Policy Risks
The OECD lifted its outlook for global growth to 3.2% in 2025 (from 2.9%), with the U.S. raised to 1.8%. The upgrade underscores better-than-expected momentum in
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