inflation ·
Fed's preferred inflation gauge runs cooler than forecast
The Fed's closely watched inflation gauge came in below expectations, a reading that can influence rate expectations.
What happened
The inflation measure the Federal Reserve watches most closely came in below expectations, according to Bloomberg Markets.
What it means for the Nasdaq and TQQQ
A cooler inflation reading can shape expectations for the Fed's policy rate. Those rate expectations can affect growth stocks, and the Nasdaq-100 is weighted toward growth companies. TQQQ seeks about 3x the daily performance of the Nasdaq-100, so moves in the index can be amplified in the fund.
Originally reported by Bloomberg Markets. Written up by Quant Paradise from the report's headline; see the original outlet for full details.
Related
- Gold Holds Steady After Softer Inflation Cools Fed Rate-Hike Bets September 30, 2026
- US Core PCE Rises 0.2% as August Consumer Spending Soars September 30, 2026
- Gold Holds Steady as Market Waits for US Inflation Indicator September 30, 2026
Education, not investment advice.