Separately, the core PCE Price Index increased 0.1% in July (Briefing.com consensus +0.1%), showing a year-over-year increase of 1.6%. Read More The inflation data failed to convince investors that more than one fed funds rate hike is warranted this year. The implied probability of a rate hike at the September meeting ticked down to 30.0%, slipping from Friday's 33.0% likelihood. Fed funds futures were on the rise last week following somewhat hawkish remarks from the Jackson Hole Symposium. Fed Chair Yellen stated that the case for a rate hike had strengthened in recent months while Fed Vice

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