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Zenger
Zenger
Business
AJ Fabino

S&P 500 Opens Higher As New Data Nods To Rate Hike Pause, Economists Weigh In

US Federal Reserve Inflation the Federal Reserve Chris Zaccarelli Jamie Cox Quincy Krosby
The S&P 500 leaped higher in early Thursday trading action even though the Federal Reserve's favored inflation measure, the Personal Consumption Expenditures (PCE) price index, recorded a year-on-year increase of 3.3%. SILAS STEIN/GETTY IMAGES 

The S&P 500 leaped higher in early Thursday trading action even though the Federal Reserve’s favored inflation measure, the Personal Consumption Expenditures (PCE) price index, recorded a year-on-year increase of 3.3%.

The PCE for July came in higher than June’s 3% and matched economists’ expectations.

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