Core PCE Reading Was Inline With Expectations
Core PCE Reading Was Inline With Expectations: Tom Essaye Quoted in Barron’s
S&P 500 Joins Nasdaq in Correction Territory
Sevens Report Research’s Tom Essaye told Barron’s the core PCE reading was inline with expectations but didn’t eliminate the risk of inflation rebounding.
He added that Amazon and Intel’s earnings didn’t outweigh what has been a bad week overall.
“And, while there’s progress in Washington, markets won’t celebrate the Republicans being able to finally elect a speaker, and there’s still the prospect of a government shutdown looming,” Essaye added.
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