Following today's PCE and consumer sentiment data, as you can see, the S&P 500 off by a little more than half a percent. Wells Fargo Investment Institute senior global market strategist Scott Ren joins us. If we were to ask you to take that rarack test that Steve was just talking about and interpret disperate data, how do you read it on the economy.Well, I tell you, uh, Contessa, we're looking for the economy to slow. And you know, Steve mentioned that Atlanta GDP number, which you know, I'm you know, I I'm ...

Economic Overview - Pre-market futures are improving following the release of major economic numbers, despite a drawback in EU markets due to rising unemployment and inflation in Germany [1] - U.S. indexes are experiencing volatility, with the small-cap Russell 2000 showing gains while other major indexes remain in the red [1] PCE and Inflation Metrics - July Personal Consumption Expenditures (PCE) figures were in-line with expectations, indicating no hindrance to the anticipated 25 basis point rate cut for the September Fed meeting [2] - Personal Income for July increased by 0.4%, the strongest since April, while Personal Spending rose by 0.5%, marking the highest increase since March [3] - The headline PCE Index showed a month-over-month increase of 0.2%, the lowest since May, with a year-over-year increase of 2.6%, consistent with the previous month [4] - Core PCE, excluding food and energy, increased by 0.3% month-over-month and 2.9% year-over-year, indicating stability in inflation metrics [5] Employment and Economic Indicators - Fed Chair Jerome Powell's focus has shifted from inflation to employment concerns, with July's non-farm payrolls showing an increase of 73K, which is below the previous four-month average of 54K [8] - A significant upward revision in PCE would be necessary to alter the current outlook, as weakening employment is influencing the decision for a rate cut [9] Trade and Inventory Data - Advanced Trade in Goods for July reported a deficit of $103 billion, which was more than $10 billion lower than anticipated [10] - Advanced Retail Inventories and Wholesale Inventories both reported a month-over-month increase of 0.2%, indicating stable inventory levels [11] Market Expectations - The upcoming week will feature new jobs reports, including July JOLTS numbers and private-sector payrolls from ADP, leading up to the significant BLS non-farm payrolls report [12]

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 ...

Walk us through the scenario analysis here. Does this go well. Does this go poorly. How does the market interpret this print.Good morning from the beautiful city of Singapore. Sun shining here, everybody looking forward to the weekend. But before that, yes, we have that cool E number that everybody is focusing on.I feel like, you know, the way that the market is priced right now, people are expecting a slightly higher inflation reading, but they're also not that bothered about it. And I think that the reaso ...

Corporate News - Remy Cointreau expects a 20 million euro ($23 million) impact on operating profit due to U.S. tariffs, revised down from a previous estimate of 35 million euros after a trade deal between the U.S. and EU set baseline duties at 15% [5] - The EU has formally proposed the removal of tariffs on U.S. industrial goods, which is a condition set by the White House for reducing rates on automobiles for the bloc [5]

Meanwhile, S&P 500 did hit a record high this morning, pulling back from those highs with Nvidia's earnings now in the rearview mirror. What's next on the Catalyst Watch. CFR research chief investment strategist Sam Stovall is with us on this Thursday.Great to see you, Sam. Welcome back. Thank you, Carl.Good to talk to you again. So, um I guess is does PCE count. Are we really looking forward ahead to uh to the jobs number in the coming weeks.I think PCE does count, but less so than the jobs report. Uh Fed ...

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From increased credit card debt stressing Americans out to the Federal Reserve possibly nearing an interest rate cut, here is some news that could impact your wallet this week, and how you can prepare your finances for the week ahead. https://t.co/Hlggzff6L8 ...