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Weekly Market Update – 7.29.2024


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Unify Financial Advisors Market Week Update Last week’s economic reports painted a strong economy with tamed inflationary pressures. The second-quarter GDP grew at 2.8%, compared to 1.9% expected. An increase in business inventories and auto sales primarily drove the upside surprise. The personal consumption expenditures price index (PCE), a measure of inflation preferred by the Federal Reserve, shows that PCE inflation fell to 2.5% year-over-year in June. ...
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