The S&P 500 Index hit new intraday (6,304.69) and closing highs (6,297.36), while the Nasdaq Composite ended at a fresh peak for a fourth straight session.
Waller predicts that PCE inflation will rise by three-tenths of a percent to 1% in 2025, assuming a permanent increase in import tariffs of approximately 10% but expects the impact to fade away soon.
Japan’s negotiator Ryosei Akazawa is accompanying Bessent in a bid to revive talks, but the U.S. has deferred tariff discussions until after Japan’s elections.
GE Aerospace revenue, earnings, and cash flow all surged, driven by strong demand in its commercial services division and a significant increase in order volume.
The jams and peanut butter maker recently issued a downbeat forecast for the current fiscal year, blaming headwinds from higher coffee costs and U.S. tariffs.
The Nasdaq Composite extended its record-setting streak to three straight sessions, while the broader S&P 500 Index closed within 20 points of a record high.
