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Sticky Core PCE Forecasts Threaten Fed Rate Hikes and Wall Street Bull Run

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Cleveland Fed inflation forecasts show Core PCE reaccelerating toward 3.49% in September despite cooling headline CPI.
  • Entrenched core inflation driven by supply chain pressures threatens to force Fed rate hikes, creating severe headwinds for Wall Street's bull market and highly leveraged tech sectors.
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US100 price history

29368.44 +18.07% over the displayed period

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