Fed's favorite inflation reading highlights last week of Q2: What to know this week
Fed's favorite inflation reading highlights last week of Q2: What to know this week
https://finance.yahoo.com/news/feds-favorite-inflation-reading-highlights-last-week-of-q2-what-to-know-this-week-112926807.html
Summary
- Inflation Data: The May reading on the Personal Consumption Expenditures (PCE) price index is expected to show a 0.1% monthly rise in core prices (excluding food and energy)[^1^][1]. On an annual basis, core PCE inflation should jump 2.6%, the least since March 2021[^2^][2].
- Earnings Highlights: FedEx, Micron, and Nike will report earnings this week. Investors will closely watch Micron for signs of robust AI demand and Nike's performance amid competition in the athletic footwear market[^3^][3].
- Market Performance: The S&P 500 and Nasdaq have performed well in 2024, while the Dow lags behind[^4^][4]. AI-related companies like Nvidia, Super Micro Computer, and Broadcom are among the best performers[^5^][5].
- Presidential Debate: The first of two debates between President Biden and former President Trump is scheduled for Thursday night[^6^][6].
Please note that this is a concise summary, and you can refer to the full article for more details.