PCE Report Signals Easing Inflation: Top Wall Street Economists Weigh In On Market Implications
Portfolio Pulse from AJ Fabino
The Personal Consumption Expenditure (PCE) price index, the Federal Reserve's favored inflation indicator, showed a slight decrease in price pressures in June, easing investors' concerns about a potentially destabilizing inflation surge. Economists believe that the softer-than-expected PCE data could trigger the market to hit new highs. Stronger earnings from major companies like Intel Corporation (NASDAQ:INTC) and Proctor & Gamble Co (NYSE:PG) have also contributed to a positive earnings season.
July 28, 2023 | 3:27 pm
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POSITIVE IMPACT
Intel Corporation's stronger earnings have contributed to a positive earnings season, which could potentially impact the company's stock positively.
The positive earnings report from Intel Corporation is a strong indicator of the company's financial health, which could potentially attract more investors, driving the stock price up.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Proctor & Gamble Co's stronger earnings have contributed to a positive earnings season, which could potentially impact the company's stock positively.
The positive earnings report from Proctor & Gamble Co is a strong indicator of the company's financial health, which could potentially attract more investors, driving the stock price up.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50