US Markets
US Markets Highlights — Jul 28, 2026 | Aivina
July 28, 2026
US markets experienced mixed trading over the past three days, with initial tech-led gains tempered by hotter-than-expected inflation data. The latest Core PCE index showed persistent inflation, reducing expectations for a June interest rate cut. Federal Reserve officials continue to emphasize a patient approach, leading to a more cautious market sentiment.
Highlights
- Tech strength drove early gains; S&P 500, NASDAQ advanced.
- Inflation data proved stickier; rate cut expectations diminished.
- Market sentiment turned cautious; indices saw modest pullback.
Macro Overview
Inflation
Core PCE rose 0.3% MoM, 2.8% YoY in February, indicating persistent inflation slightly above target.
Interest Rate Outlook
Fed officials signal patience; June rate cut expectations diminished significantly, pushing first cut to later in summer.
Risk Sentiment
neutral
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