S&P 500: Sticky PCE Inflation Data Could Cap Fed's Policy Options This Fall

Yields are treading water—the 10-year holding around 4.22%, and the 2-year stuck near 3.635%. Traders are waiting on July’s PCE inflation, personal income, and spending numbers. This is the last inflation read before the September 16–17 FOMC, so it carries weight—but markets are playing it cautious for now.Broader Context: Inflation Sticky, But Jobs Now the FocusEconomists are looking for a 0.2% rise in headline PCE and 0.3% in core, which would lift the year-on-year core rate to 2.9%—the hottest since Febr ...