The core Personal Consumption Expenditures (PCE) index rose 0.1% in May from the prior month. The data was in line with economists' expectations. Given how...
from the prior month. The data was in line with economists' expectations. Given how closely the Federal Reserve is watching inflation, Banrion Capital Management CEO Shana Sissel says the data is likely welcome news for the central bank.
Turning to the markets, Sissel thinks large and megacap companies will continue to show earnings growth, but that she doesn't"see much of a tailwind or any sort of catalyst" to power small-cap stocks higher.Declines on Wall Street accelerating here into the close the dow near the lows of the day.And joining us now is Shana Cecil Banner Capital Management, Ceo Shana, it's good to see you.Well, I think it's gonna be uh good news for the fed.
And Jaya, everybody's out um with their sort of mid year outlooks lately and there seems to be a lot of continued bullishness out there. Uh My concern is more on the smaller cap names which have struggled all along and continue to underperform.Um, but I do think that having slowing inflation um could very likely leave the fed to do a rate cut in September, which could be a catalyst uh for continued economic growth and continued positive market returns uh going into the end of the year.
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