June's Personal Consumption Expenditures (PCE) data largely came in line with expectations — core PCE, which excludes food and energy costs, rose 0.2% month-...
largely came in line with expectations — core PCE, which excludes food and energy costs, rose 0.2% month-over-month and 2.6% year-over-year . Core PCE trends can be explained by rising services inflation.
So how can investors we that mixed picture of the data, especially as we are ahead of the Federal Reserve's July decision coming up next week, joining us to the We've got Terry Wiseman.Ryan, I'm going to kick it off with you because we also I didn't even mention consumer sentiment data.
I think one of the most unusual things about what markets have to deal with now is that the Fed does look like it's getting closer to a rate cut, most likely at the September meeting.And I think for a lot of financial market participants, the idea of Fed Fed rate cuts is sort of inherently associated with weak economic growth, maybe even recession fears.
But really, what's been happening with corporate earnings guidance, which has not been very good, uh, in the United States or in Europe. vivo today held the 2024 vivo Imaging Conference in Xining, China, where it showcased vivo's latest advancements in imaging technologies. The company presented its progressive strategies surrounding three new trends in mobile imaging: imaging security, 3D imaging/XR and health imaging.
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