The Latest Breaking News on Stocks Erase Early Gains and End Lower on Rising Bond Yields

The dollar index (DXY00 ) Friday fell by -0.03%. The dollar on Friday moved slightly lower after the US May core PCE price index, the Fed’s preferred inflation gauge, eased to +2.6% y/y, the slowest pace in 3 years, which improves the chances of Fed interest rate cuts this year....

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The US Federal Reserve's favored measure of inflation eased slightly in May, according to government data published Friday, as goods prices cooled.

It is abundantly clear that the main catalyst for the next big rally to push the S&P 500 (SPY) to new highs will be the cutting of rates by the Fed. And that is why the announcement of every major economic report says something about inflation…and the likelihood of that…

A measure of prices that is closely tracked by the Federal Reserve suggests that inflation pressures in the U.S. economy are continuing to ease