(Bloomberg) — The Federal Reserve’s favored inflation yardsticks are poised to show the tamest monthly advances since late last year — a stepping stone for officials to begin lowering interest rates, possibly as soon as September. Most Read from Bloomberg Economists expect no change in the May personal consumption expenditures price index and a minimal
STORY: U.S. stocks ended mostly up on Friday, but the S&P 500 and Nasdaq broke weekly winning streaks that had lasted for more than a month. The Dow gained about 1.5%, the S&P added eight-tenths of a percent and the Nasdaq was basically flat, dipping just marginally. Friday’s personal consumption expenditures price index, or PCE,
Shares of Trump Media & Technology Group (DJT), the parent company of former President Donald Trump’s social media platform Truth Social, bounced back from extended hour trading losses to rise about 6% early Friday after Trump was found guilty on all 34 counts of falsifying business records intended to influence the 2016 presidential campaign. Trump,
(Bloomberg) — Wall Street traders sent stocks down and bonds up after the latest round of economic data signaled a slowdown in momentum. Most Read from Bloomberg Just 24 hours before the release of the Federal Reserve’s preferred price gauge, a report showed the US grew at softer pace — as both spending and inflation