Markets bet on another 50bps Fed cut as PCE softens; DOW makes new ATH

The market is on fire, and there are talks of another 50 basis points rate cut by the Federal Reserve. A soft Core PCE index reading has everyone betting on it.  The Core PCE, which the Fed loves to look at, came in at 2.6% year-over-year, slightly lower than the 2.7% forecast.  So right now, […] source: https://www.cryptopolitan.com/markets-bet-on-another-50bps-fed-cut-as-pce-softens-dow-makes-new-ath/