TechFlow news: Although stronger-than-expected U.S. Q2 GDP data may ease some economic concerns, analysts note that the core PCE price index coming in above expectations at 2.9% could pose a challenge for the Fed.
Emma Wall from Hargreaves Lansdown said in a report: "While this is still above target, it is trending downward. Combined with robust economic growth, this reduces pressure on the Fed to cut rates at its next meeting."
"We expect coordinated rate cuts by the Federal Reserve, European Central Bank, and Bank of England in September—a veritable wave of easing. For investors focused on U.S. equities, we believe opportunities exist in small-cap stocks, which offer better value, even as the 'Magnificent Seven' have recently pulled back."
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