Core PCE inflation came in above the Fed's target for the 4th straight month. But it moderated from Q1 and the elevation was entirely due to imputed portfolio fees resulting from the strong stock market. Annual rates: 1 month: 3.0% 3 months: 3.5% 6 months: 3.2% 12 months: 2.8% pic.twitter.com/FHtSAVejI6

MORGAN STANLEY: “.. We believe April data launched a sequence of weaker inflation readings with faster deceleration in 2H24. This emerging trend underpins our call for the Fed to cut three times this year, starting in September.” #FOMC 🇺🇸 pic.twitter.com/yF3k4SKO8q

* BOSTIC: DON'T SEE RATE CUT IN JULY, BUT OPEN IF DATA JUSTIFY @JohnSpall247 #FOMC 🇺🇸

Global News | S&P 500 index resumes ticking for first time since 10:41 am NY: Agencies pic.twitter.com/TVP9ASzMcn