The Federal Reserve's primary tool to gauge inflation core PCE indicated cooling inflation in the month of August. Investors are paying close attention to how the market is digesting the economic data today, looking to the energy sector in particular. LPL Financial Chief Technical Strategist Adam Turnquist joins Yahoo Finance to break down the energy sector's performance and how it ties back to August's PCE index. Turnquist attributes energy's overall performance — outperforming the S&P 500 (^GSPC) in recent months — to why his company upgraded the sector: 'It trades relatively cheap to the market, so if you're looking for some value it has a dividend yield.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Nike shares are popping on the back of its fiscal first quarter results. What did the athletic apparel company report that has investors snapping up the stock? Yahoo Finance's Josh Schafer breaks down the company's quarterly results and conference call. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
WASHINGTON — President Joe Biden's administration on Friday proposed up to three oil and gas lease sales in the Gulf of Mexico but none in Alaska as it tries to navigate between energy companies seeking greater oil and gas production and environmental activists who want Biden to shut down new offshore drilling in the fight against climate change. The five-year plan includes proposed sales in the Gulf of Mexico, the nation’s primary offshore source of oil and gas, in 2025, 2027 and 2029.
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Inflation: PCE data cools in AugustThe Personal Consumption Expenditures (PCE) index — the Fed's preferred inflation metric — cooled in August, with headline PCE data rising by only 0.4% month-over-month and 3.5% year-over-year. Yahoo Finance co-hosts Seana Smith and Brad Smith break down the inflation report live from the Nasdaq MarketSite. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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US Core PCE Prices Post Smallest Monthly Rise Since Late 2020The Federal Reserve’s preferred measure of underlying inflation rose at the slowest monthly pace since late 2020, helping to lay the groundwork for policymakers to forgo an interest-rate hike at their next meeting.
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Wall St opens higher as softer PCE data supports rate-pause hopesKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
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Gold holding firm but lacks direction as U.S. PCE Inflation rises 3.9% for the year(Kitco News) - Moderating U.S. inflation pressure is helping gold prices hold its ground but it not providing much new bullish momentum.
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Why consumers need to care about core PCEThe Personal Consumption Expenditures Index, or Core PCE, is one of the Federal Reserve's primary tools in analyzing inflation. August's PCE data showed slowing month-over-month growth for both headline and core inflation, pointing to cooling inflation and leaving many wondering what this means for the upcoming November FOMC meeting and the market. Yahoo Finance Fed reporter Jennifer Schonberger joins the Live show to break down what the report means and why consumers need to pay attention to it. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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‘Be careful when Wall Street starts to feel like Easy Street,’ says strategistDaily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
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