US Markets Highlights — Jul 29, 2026 | Aivina
July 29, 2026
US equity markets, particularly the S&P 500 and NASDAQ, experienced a positive trend over the past three days, largely fueled by strong performance in technology stocks and key earnings reports like Nvidia's. Recent PCE data indicates persistent but moderating inflation, prompting Federal Reserve officials to reiterate a data-dependent approach and temper immediate rate cut expectations. This cautious Fed stance, combined with ongoing inflation moderation, keeps overall market sentiment somewhat balanced.
Highlights
- Tech sector rallied
- Nvidia results propelled
- Market indices climbed
Macro Overview
Inflation
PCE data indicates persistent but moderating inflation pressures, aligning with the Fed's target path, albeit slowly. Still elevated.
Interest Rate Outlook
Fed officials emphasized data dependency and patience, pushing back immediate rate cut expectations as inflation cools slowly.
Risk Sentiment
neutral
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