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PCE index matched Dow analysts' expectations at ~2.5% YoY, down 0.1% MoM. Despite the decline, it's not fast enough.

(Jul 26, 2024)

PCE index matched Dow analysts' expectations at ~2.5% YoY, down 0.1% MoM. Despite the decline, it's not fast enough. CME traders lowered Sep cut expectations to 87.7% from 93.3%. US yield & US $ Index fall with next FOMC meeting Jul 31st. Investors cheering news.

Maurizio “Moe” Agostino

Moe is the Chief Commodity Strategist. He is responsible for developing plans and assisting clients in the feed, grain and livestock industry to help them protect themselves from commodity price swings. Moe holds a Derivatives Market Specialist (DMS) designation as well as an Honors Degree in Business Administration. Moe has more than 15 years of financial services industry experience.