#pce-inflation

#pce-inflation

Stocks dipped as a key PCE inflation gauge showed mostly steady headline prices while core inflation remained above the Federal Reserve's 2% target and tech shares slid.

Core inflation rose to 2.9% annually in July while overall PCE inflation held at 2.6% and consumer spending jumped 0.5%.

Nvidia beat expectations but had limited market impact as stronger-than-expected US GDP reinforced rate-cut hopes while key inflation data could alter outlooks.