Reported 2 days ago
Despite reaching new record highs, U.S. equities faced setbacks as inflation indicators raised uncertainty about the Federal Reserve's interest rate plans. The core personal consumption expenditures price index increased by 2.9% year-over-year in July, complicating previous expectations for rate easing. Additionally, the U.S. goods trade deficit ballooned to $103.6 billion, well above forecasts. Nvidia's quarterly results fell short of high investor expectations, while MongoDB and Snowflake excelled in the AI sector. With the historically challenging month of September approaching, investors await key macroeconomic data to shape future rate expectations.
Source: YAHOO