PCE Cools, Yields Surge to 24-Year Highs, and XRP Goes Public
About this episode
August PCE inflation surprises to the downside, Fed rate-hold odds rise ahead of October FOMC, 10-year Treasury yield hits 5.34% for first time since 2002, bond vigilantes rattle global markets, Evernorth XRP treasury merger wins shareholder approval and sets Nasdaq debut for October 8
Chapters
Sources & Citations
US inflation rises below expectations in August; consumer spending robust
www.reuters.com
Fed's preferred gauge showed core inflation at 3.0% in August, much lighter than expected
www.cnbc.com
August PCE: Fed's favored inflation gauge rose less than expected
www.foxbusiness.com
Fed Rate Odds: 52.9% Hold Probability for October After PCE
phemex.com
Early market roundup: Stocks dive as US yields hit 24-year high | AJ Bell
www.ajbell.co.uk
Treasury 10-Year Yield Hits Highest Since 2002 on Rate Outlook | Bloomberg
www.bloomberg.com
10-Year Treasury Yield Hits 24-Year Peak | Brisk Markets Blog
www.briskmarkets.com
Bond selloff deepens as oil prices and public debt fears jolt markets | Reuters via Yahoo Finance
finance.yahoo.com
Shareholders Approve Evernorth Business Combination — PR Newswire
www.prnewswire.com
XRP Gains After Evernorth Merger Vote Passes As 473M XRP Treasury Deal Advances — CoinGape
coingape.com
Evernorth XRP deal wins vote; ~$300M gross cash expected | XRPN Stock News — StockTitan
www.stocktitan.net
Chad Steingraber on X (primary tip source)
x.com