The Fed's Preferred Inflation Metric Came in Cooler Than Expected. Here's What That Means for Interest Rates This Year

Key Points August's PCE reading was surprisingly cool, showing Wall Street may be overestimating inflation. Expectations for a rate hike in October are now just 37%. Stocks generally benefit from lower interest rates. These 10 stocks could mint the next wave of millionaires › Investors always have at least one eye on interest rates, but after the Fed hiked the Fed funds rate earlier this month, interest rates are back on center stage. At the same time, treasury yields have soared, lifting everything from mortgage rates to credit card APRs, adding to the pressure for investors.