U.S. Gas Prices Slip Below Politically Sensitive $4 Level For First Time In Months

Headline PCE 'Deflates' In June, First Time Since COVID After three months of significant acceleration in prices, The Fed's favorite inflation indicator - Core PCE (a measure of price changes in consumer goods and services that excludes volatile food and energy costs) - was expected to slow in June data released today. And it did - more than expected - Core PCE rose 0.1% MoM (below the 0.2% MoM expected) pulling the YoY rise down from +3.4% to +3.3%... The headline PCE saw 0.1% MoM drop in June - its first 'deflationary'...

An Israeli strike targeting a car on a busy street in Gaza City on Monday killed at least one Palestinian, a high school student, and wounded several others as the IDF’s constant violations of the US-backed ceasefire deal continue. The slain high school student has been identified as Raghad Ashour, who, according to the Quds […]

The AI Trade: Now With Less Circle And More Jerk Submitted by QTR's Fringe Finance As if markets didn’t already have enough to worry about heading into the weekend — an escalating conflict involving Iran, growing stress in private credit, and the ongoing annoyance of positive real interest rates — one of the “AI will solve everything, just add capex” deals that everyone in markets have been quietly laughing about while investing in for the past year has officially started to unravel. According to Bloomberg, Oracle Corporation and OpenAI have scrapped plans to expand...