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The latest core PCE price index showed a 2.7% increase, higher than Wall Street estimates. Kevin Hincks says investors aren't reacting too harshly to the numbers as members of the Fed target a potential interest rate cut in September. He notes the trade deal framework between the U.S. and China acting as a bullish buffer to that print.

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Core PCE Ticks Higher, U.S. & China Trade Framework Reached

Schwab Network

Core PCE Ticks Higher, U.S. & China Trade Framework Reached