U.S. stock index futures rise as June PCE slips 0.1% and GDP growth misses forecasts
AI Market Summary
U.S. data delivered a mixed macro impulse: June PCE inflation cooled modestly and met expectations, while Q2 GDP undershot forecasts and jobless claims came in slightly better than expected. This combination complicates the rates path, creating cross-currents for U.S. risk assets. Near-term, equity index pricing is likely to be driven by shifting expectations for Fed policy and real yields.
Impact level
● High
Affected assets
NCSISP5002USD/USDT+0.71%
AI Insight · NCSISP5002USD/USDTAI Insight
● Neutral
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U.S. June PCE inflation fell 0.1% month on month, while the annual rate came in at 3.7%, in line with expectations. Second-quarter GDP grew 1.5%, below the market forecast of 2.1%. Initial jobless claims in the final week of July totaled 197,000, slightly better than expected. Together, the releases sent mixed macro signals, pulling U.S. Treasury and equity index pricing in opposite directions.
