Wall Street Overnight
- Stocks closed mixed with only NASDAQ posting gain as US Treasury yields continued to rise, with the 10-year yield jumping to 5.29%
- A crucial inflation report showed prices cooled more than expected in September, likely reducing the urgency for the Federal Reserve to raise interest rates again in October
U.S Personal Consumption Expenditures (PCE) Price Index - August
- PCE Price Index: +0.3% M/M (+3.4% Y/Y) vs. +0.1% M/M (+3.4% Y/Y) in previous month, slightly below market expectations of +0.4% M/M (+3.7% Y/Y)
- Core PCE Price Index: +0.2% M/M (+3.0% Y/Y) vs. +0.1% M/M (+3.0% Y/Y) previousl y, below the rise of 0.3% M/M (+3.3% Y/Y) expected by markets
- Stocks closed mixed with only NASDAQ posting gain as US Treasury yields continued to rise, with the 10-year yield jumping to 5.29%
- A crucial inflation report showed prices cooled more than expected in September, likely reducing the urgency for the Federal Reserve to raise interest rates again in October
U.S Personal Consumption Expenditures (PCE) Price Index - August
- PCE Price Index: +0.3% M/M (+3.4% Y/Y) vs. +0.1% M/M (+3.4% Y/Y) in previous month, slightly below market expectations of +0.4% M/M (+3.7% Y/Y)
- Core PCE Price Index: +0.2% M/M (+3.0% Y/Y) vs. +0.1% M/M (+3.0% Y/Y) previousl y, below the rise of 0.3% M/M (+3.3% Y/Y) expected by markets