Post by LCG Associates, Inc.

Weekly Market Update: U.S. equities lost ground for the week, with the S&P 500 dropping 0.7%, the Dow down 0.3%, and the Nasdaq falling 1.0%, snapping a three-week winning streak. The Federal Reserve’s preferred inflation gauge, the PCE Index, ticked up to an YoY rate of 2.7% in August, its highest in six months, and robust economic data led markets to temper expectations for additional rapid rate cuts. Continued uncertainty over a looming U.S. government shutdown and ongoing budget brinksmanship contributed to market volatility, while bond yields fluctuated during the week. https://lnkd.in/dn_22Uh