U.S. inflation remained elevated in July: the PCE price index rose 0.2% month over month and 3.7% year over year, above the 3.6% forecast, while core PCE increased 0.2% month over month and 3.3% year over year.
Following the release, the 10-year Treasury yield climbed to 4.67%, while the probability of a Fed rate hike in September rose from 36% to 44%.
Against this backdrop, the Dow fell 0.2%, the S&P 500 traded largely unchanged,and the Nasdaq lost 0.2%.
顯示更多