Softer US PCE inflation eases October Fed hike probability
US August PCE price index rose 3.4% year-over-year, below the 3.7% forecast, while ADP private payrolls added 90,000 jobs exceeding expectations. This lowered the implied probability of a Fed rate hike in October to around 35% from 45%, supporting Wall Street indices on the report's release day.
Original · The Guardian AI summary of public reporting
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At publication → CurrentSP500— → 7,812—
para:10Y— → ——