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Potential Pause, Messi of AI, Restaurant Revamp 7/28/23

The Exchange

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The Fed's Key Inflation Metric Comes in Cooler Than Expected

Dom Chiu: The Fed's key inflation metric coming in cooler than expected today, June PCE increasing by just 2 tenths of a percent from the previous month. Kim Forest: How much more room do we have to run, especially when you start to factor in valuations? Greg Daco: I think it's very much on the table after this week's data.

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