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Market Impact: 0.55
These three stocks are must-owns after the PCE data
Source: invezz.com
InflationEconomic DataInterest Rates & YieldsMonetary Policy
July PCE inflation met June at 3.7% y/y but topped the 3.6% forecast, while core PCE rose to 3.3% y/y (vs expectations not specified). The upside surprise in headline inflation suggests rates could stay higher for longer, a setup that is typically risk-off for equities and supportive for yields.
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mildly negative
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