Real Vision: Finance & Investing Hot PCE Data, Fed Pushback, and Meta & Microsoft Earnings: PALvatar Market Recap, July 31 2025
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Jul 31, 2025 Today's discussion highlights hotter-than-expected U.S. inflation and rising jobless claims, showcasing the Fed's push against rate cuts. The earnings surprise from Meta and Microsoft, with the latter reaching a monumental $4 trillion valuation, energizes market sentiment. Meanwhile, Japan maintains steady rates and Trump announces a new trade deal with South Korea. The implications of a JPMorgan-Coinbase partnership add further intrigue to the landscape. Join for sharp insights into these key developments!
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Fed Hawkishness Amid Inflation
- The Fed, led by Jerome Powell, stays hawkish with no imminent rate cuts amid inflation concerns.
- This stance defies calls from political figures and had board dissent not seen since 1993.
Hot US Inflation Data
- US Personal Consumption Expenditures Index rose 0.3% month-over-month, hotter than expected for June.
- This inflation data dims the chances of a Federal Reserve rate cut in September.
US Job Cuts Rise Amid Budget Cuts
- US job cuts increased about 29% in July largely due to federal budget cuts affecting non-profits, healthcare, tariffs, and AI impacts.
- Despite rising jobless claims, actual layoffs remain low based on Labor Department data.