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0.00147270240892042 0.0029278726463061 0.00748623724534518 0.00231424664258924 0.00124478417896847 0.00669728952628081 0.00262982573021494 0.00115712332129452
Stock impact report

New PCE reading not ideal for Fed but won't upend rate cut expectations [Yahoo! Finance]

LPL Financial Holdings Inc. (LPLA) 
Last lpl financial holdings inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lpl.com
Company Research Source: Yahoo! Finance
pricing gauge probably keeps the central bank on track for a 25 basis point rate cut at its policy meeting next week. Quincy Krosby, chief global strategist for LPL Financial, said she still expects a small rate reduction to be announced Nov. 7, while emphasizing that the mixed inflation picture offered Thursday suggests "that the Fed is still on a bumpy course in this last mile to quell inflation and declare victory." Other economists who also expect a small cut in November acknowledged there could be a debate among policymakers about whether to pause in November. It will be up to Fed Chair Jerome Powell to maintain a rate-cutting consensus, said one Fed watcher. "We look for Fed Chair Powell to once again be the voice of reason corralling the FOMC to prudently ease monetary policy next week," said EY Chief Economist Gregory Daco. The latest reading from the Personal Consumption Expenditures (PCE) index showed inflation rose 2.1% during the month of September, compared with 2 Show less Read more
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