inflation ·
US Core PCE Rises 0.2% as August Consumer Spending Soars
US core PCE inflation rose 0.2% while consumer spending surged in August.
What happened
US core PCE increased 0.2% and consumer spending surged in August, according to Bloomberg Markets.
What it means for the Nasdaq and TQQQ
As an inflation reading, core PCE can shape expectations for interest rates. Rate expectations tend to influence the Nasdaq-100, and TQQQ is designed to move about 3x the index's daily moves, so this data can feed into its volatility.
Originally reported by Bloomberg Markets. Written up by Quant Paradise from the report's headline; see the original outlet for full details.
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Education, not investment advice.