US Stocks Mostly Flat; Fed's Preferred Inflation Gauge Rises By 3.7% In July
US stocks mixed, with S&P 500 up 0.1%. Industrials jumped 1.1%, health care fell 0.8%. PCE price index up 3.7%, GDP up 1.5%, personal income up 0.4%.
Stocks barely moved today while prices rose 3.7% compared to last year—that's the number the Fed watches most closely. When prices go up, it can make the Fed think about raising interest rates, which affects how stocks and regular people's money work.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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