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Author: Yang Chen, Wall Street ViewU.S. August PCE inflation came in below expectations, changing Wall Street’s assessment of when the Fed will next raise rates
The Dow Jones ended with losses of 450 points overnight, reversing nearly 600 points from the day's high. The index had opened higher after the inflation data. The S&P 500 also reversed 70 points from the day's high to end 0.25% lower, while the Nasdaq outperformed both its peers, ending 0.2% higher, but not before…
Gold prices rose after cooler US PCE inflation data lowered expectations of an October Fed rate hike. Know what it means for gold prices and the Indian market.