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- Economy: Headline PCE rose from 2.6% on an annual basis in July to 2.7% in August, while core PCE stayed flat at 2.9%—all in line with analyst expectations.
- Stocks: Solid inflation numbers helped equities arrest their recent selloff and offset the latest batch of tariffs. However, all three major indexes still ended the week lower than where they started.
- Commodities: Oil climbed as Ukrainian drones continue to strike Russian energy infrastructure. Meanwhile, gold hit another all-time high, and rose above $3,800 for the first time ever at one point today.
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Filed under: "Ask-an-Advisor", CMP Program, economics, finance, Funding Basics, Glossary Terms, Investing, Portfolio Management | Tagged: CMP, commodities, core PCE, economics, energy, gold, inflation, oil, PCE, Russia, stocks | Leave a comment »
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