NYSE Content Advisory: Pre-Market Update + Wall Street digests August PCE data
- Stocks are mixed after investors received key economic data earlier this morning. The PCE came out today ahead of market open. Economists estimated headline PCE to show a 2.7% increase year-over-year.
- According to the latest data, over 60% of traders anticipate we'll see two additional interest rate cuts before the end of the year.
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President Trump announced Thursday that new tariffs on pharmaceuticals, heavy trucks, and furniture entering the country, including a 100% tariff on patented drugs, will take effect onOctober 1 st.
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