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Markets today: Stocks and bonds gain as PCE bolsters fed-cut bets

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Stock futures rose and bond yields fell as a cooldown in the U.S. Federal Reserve’s preferred inflation gauge reinforced bets policymakers will have room to cut rates this year.

Markets today: Stocks and bonds gain as PCE bolsters fed-cut betsBank of America Eases Pledge to Stop Lending to Some GunmakersA $12 Billion Student Loan Break Puts Chile Leader on Back FootCanada Economy Grew 1.

6 BillionThe Home of Malbec Wine Makes a Play for Copper in Argentina Mining RevivalIndia’s Extreme Heat Leaves at Least 29 Dead, Local Media SayStarmer Says Energy Transition ‘Is Coming’ in Pitch to ScotlandWheat Jumps Most Since War in Ukraine Due to Weather SwingsSummer interest rate cut could prompt rebound in consumer spending: expertsThe Daily Chase: Bank earnings season continues as National, BMO hike dividendsThe Daily Chase: GameStop shares popping againRetail sales climb 0.

 

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