SPY Oct 2024 490.000 put
- Benzinga
Wall Street Falters Despite Drops In Fed's Favorite Inflation Rate; Energy Stocks, Yields Rise On Trump's Debate Performance: What's Driving Markets Friday?
Wall Street experienced a lackluster session during midday trading in New York, with major indices inching slightly lower despite the arrival of positive inflation data. In May 2024, the Personal Consumption Expenditure (PCE) price index, the Federal Reserve’s key measure of inflation, fell to its lowest level since March 2021, recording an annual rate of 2.6%, which aligned with economists’ predictions. This inflation report further indicates that price pressures are moving towards the Fed’s 2%
- Yahoo Finance
There's something odd about the stock market's concentration: Morning Brief
It's no secret that a handful of tech stocks are powering the S&P 500 to record highs. But while that concentration isn't unusual, the lack of even correlation in the broader market is.
- Investing.com
Fed's Bostic expects one rate cut in 2024, as many as four in 2025
Raphael Bostic, the President and Chief Executive Officer of Federal Reserve Bank of Atlanta, stated that a potential cut in the federal funds rate could occur in the fourth quarter of this year, emphasizing a data-driven approach to future policy decisions.
