Yahoo Finance | EN590 Commodities
EN590 Commodities GroupMarket Analysis 2026-08-01T06:03:00+00:00
The cool news is that the latest data from theFederal Reserve's preferredinflationindicator came in lower than consensus in June, primarily due to a drop in energy prices. The not-so-cool news? During his second Fed Day as Chairman of the U.S. central bank,Kevin Warshhemmed and hawed over whether the Personal Consumption Expenditure price index would continue to serve that role. And didn't offer a hint as to what the replacement might be. As I reported,this lack of transparent strategy really ticked offWall Street-- more than theFederal Open Market Committee's decisive 9-3 voteto hold short-term benchmark interest rates steady July 29. Bonds sold off sharply with the30-year Treasury hitting 5.22%. Within hours of Warsh's post-meeting press conference, J.P. Morgan abruptly shifted its forec
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