July PCE Prices, Lululemon Earnings, and Hurricane Idalia’s Insurance Impact 8/31/23

July PCE – the Fed’s preferred gauge inflation – is out this morning as investors assess the possibility of more rate hikes this year. Milken Institute’s William Lee discusses. Plus, Lululemon reports earnings after the close today as it outperforms the broader retail sector. Oppenheimer’s Brian Nagel previews the results. And, one part of the market keeping a close eye on Hurricane Idalia is the insurance business. Piper Sandler’s J. Paul Newsome explains.