Inflation Rises in June, Boosting Market and Fed Concerns
TL;DR
The Federal Reserve's core PCE inflation rate exceeded expectations in June, complicating prospects for a September rate cut, while the stock market remains optimistic with futures reaching new highs driven by strong earnings from Microsoft and Meta. Meanwhile, layoffs surged 140% year-over-year in July, contrasting with the Fed's view of a solid labor market, and economic indicators show mixed signals on consumer spending and employment costs.
- Key Fed Inflation Rate Overshoots As Layoffs Jump; S&P 500 Futures Climb (Live Coverage) Investor's Business Daily
- Consumer spending heated up a bit last month – but so did inflation CNN
- Fed's go-to inflation indicator edges higher in June as tariffs ramp up Axios
- Key Inflation Measure Rose in June, Adding to Pressure on Fed The New York Times
- Treasury yields slip as traders weigh new U.S. inflation data CNBC
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