Reported 12 months ago
The core Personal Consumption Expenditures (PCE) index showed a 0.1% rise in May, meeting economists' expectations. With the Federal Reserve closely monitoring inflation, Banrion Capital Management CEO Shana Sissel believes the data is positive news for the central bank. She mentioned that the PCE data aligning with expectations and indicating a slowdown is in line with what the Fed aims to achieve. Sissel also discussed the performance of large and megacap companies versus small-cap stocks, expressing optimism for the former but a lack of catalysts for the latter. Overall, she anticipates a potential rate cut by the Fed in September, leading to continued economic growth and positive market returns by year-end.
Source: YAHOO