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HP's Q3 earnings grew 13% year-over-year, exceeding profit forecasts, but this still couldn't prevent a sharp drop in its stock price; the market focuses on concerns about PC demand | Earnings Report Insights

HP's Q3 earnings grew 13% year-over-year, exceeding profit forecasts, but this still couldn't prevent a sharp drop in its stock price; the market focuses on concerns about PC demand | Earnings Report Insights

HP's quarterly results and full-year earnings guidance both exceeded analysts' expectations, but investors turned their attention to deeper demand concerns, and the stock price subsequently plunged by about 10% in after-hours trading. After the US stock market closed on August 26, HP released its third fiscal quarter
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The Federal Reserve favors a slightly higher-than-expected PCE inflation gauge while core PCE remains stagnant, making Warsh's speech on Friday even more anticipated given the uncertainty surrounding a September rate hike.

The Federal Reserve favors a slightly higher-than-expected PCE inflation gauge while core PCE remains stagnant, making Warsh's speech on Friday even more anticipated given the uncertainty surrounding a September rate hike.

The cooling of US inflation has not yet completely reassured the Federal Reserve. The Fed's preferred indicators show that annualized inflation has been significantly above the Fed's long-term target of 2% for 65 consecutive months. Data released by the U.S. Commerce Department on Wednesday, July
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