Market Turmoil: Dow Drops Over 1,000 Points

Market Turmoil: Dow Drops Over 1,000 Points

Today, the Dow Jones Industrial Average took a significant hit, dropping over 1,000 points, while the Nasdaq plummeted by 6%. This sharp decline is part of a global market sell-off driven by fears of a U.S. recession.The catalyst? A disappointing July jobs report and...
Breaking Economic News: May PCE Data

Breaking Economic News: May PCE Data

The latest PCE data shows inflation cooling to its lowest rate since March 2021. Core PCE rose just 2.6% year-over-year in May, signaling that the Fed’s monetary policy might be working. Key takeaways: Monthly core PCE up 0.1% Headline inflation flat for the...