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Data▲ Bullish for Indian equities
Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expected
The brief
- US core PCE inflation was 3.0% in August, below the 3.3% forecast
- Headline PCE inflation was projected at 3.7%
- Dollar Powers to Best Month Since June on Fed’s Inflation Fight
- Fed's Williams sees a possible rate hike later in 2026, with no rush to act
- US 30-year Treasury yield tops 5.61%, highest since 2002
- Nifty Breaches 22,600, And Experts Say Recovery Is Far Off
- Gold rises but strong Fed hike bets keep it near seven week-low