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US PCE: Will this US Inflation Data Convince the Fed to Cut Rates
Stock markets hit the pause button on a rally triggered after the US forced a ceasefire on Israel and Iran that both sides seem to have begrudgingly accepted, at least for now. The bellwether S&P 500 stock index as well as the tech-tilted Nasdaq 100 are angling to finish the day little-changed. The small-cap Russell 2000 is down about 1%. Cooling geopolitical fears have animated markets since the beginning of the week after an initial shock over the weekend when the US opted to strike Iran’s nuclear sites directly. Washington and Tehran then made a show of mutual de-escalation, calming the waters and mending risk ... (full story)
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