Core PCE held at 3.3% year-over-year in July — the Fed's preferred inflation gauge refused to budge, dashing hopes of a clean path to rate cuts
Q2 GDP price index revised up to 6.4% from 6.3%, with quarterly core PCE jumping to 3.7% from 3.4% — a bigger move than the monthly headline that traders spent the morning parsing
The Dow slipped roughly 100 points to trade beneath 53,500, with investors recalibrating rate...
