This week’s key economic data release included the Fed’s preferred gauge for inflation, the Core Personal Consumption expenditures (PCE). The closely watched measure came in at 0.3% month-over-month and 2.7%
The Federal Reserve (Fed) lowered the federal funds rate target range by 25 basis points to 4.00% to 4.25% at its September meeting, marking the first cut since December 2024.
This week’s inflation data reaffirmed the likelihood of a Fed easing at their upcoming meeting on September 17. The Producer Price Index (PPI) declined -0.1% month over month in August
Short and intermediate maturity Treasury yields have been on a downward trajectory since the end of July as both market participants and officials at the Federal Reserve are growing increasingly
This week provided plenty of economic data for market participants to analyze. Inflation data, second quarter GDP growth, housing data, and consumer sentiment were all on the tape. The U.S.