New PCE reading supports case for smaller Fed rate cut in November [Yahoo! Finance]
LPL Financial Holdings Inc. (LPLA)
Last lpl financial holdings inc. earnings: 4/30 04:05 pm
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Source: Yahoo! Finance
The Fed's preferred inflation gauge — the so-called core Personal Consumption Expenditures (PCE) index that excludes volatile food and energy prices — clocked in at 2.7% over the prior year during the month of August That was in line with expectations and up a tenth of a percent from 2.6% in July. It remains above the Fed's 2% target. The result means that a bigger 50 basis point cut may be hard to justify at the Fed's next meeting in November, according to some Fed watchers. The fact that core inflation year-over-year is holding the level of the last two months, and not dropping, lines up more with a scenario for a smaller cut — lest the job market substantially weaken between now and November. "The core year-over-year at 2.7% suggests that another round of 50 basis points needs to come under careful scrutiny unless the labor market suggests weakness," said Quincy Krosby, chief global strategist for LPL Financial. Measured on a month over month basis, PCE looked even bette
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LPLA
News
- LPL Financial Holdings Inc. (NASDAQ: LPLA) had its price target lowered by analysts at Citigroup Inc. from $325.00 to $285.00. They now have a "buy" rating on the stock.MarketBeat
- New PCE reading supports case for smaller Fed rate cut in November [Yahoo! Finance Canada]Yahoo! Finance Canada
- Mountain America Investment Services Welcomes Lucas Montes as Newest Wealth Advisor [Yahoo! Finance]Yahoo! Finance
- LPL Financial Welcomes GreenPoint Wealth Management [Yahoo! Finance]Yahoo! Finance
- LPL Financial Holdings Inc. (NASDAQ: LPLA) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $289.00 to $271.00. They now have a "buy" rating on the stock.MarketBeat
LPLA
Earnings
- 7/25/24 - Beat
LPLA
Sec Filings
- 9/16/24 - Form 4
- 8/27/24 - Form 4
- 8/27/24 - Form 4
- LPLA's page on the SEC website