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Podcast: The Afternoon Update with Lynlee Foo
Episode: Money in the Market: How the Fed’s preferred inflation gauge will test the AI-driven rally
Description: US stocks closed out on a dizzying week at record highs last week, but to start the new week, shares took a breather as investors braced for a looming inflation update that could put that rally to the test. New inflation data in the coming days will test the staying power of the breakout rally that followed Nvidia's results. So what can we expect from Thursday’s PCE index reading? When can we expect rate cuts? Will there be further room for upside in US equities? On Money in the Market, Hongbin Jeong speaks to Audrey Goh, Head of Asse...