The Fed's preferred inflation measure, PCE, climbed above 4% in May, stoking fears the central bank could resume rate hikes. Tech took the hit last week — Nvidia and Alphabet each fell more than 8%, while Apple, Amazon, and Meta shed over 4% apiece. Despite the pain, JPMorgan hiked its 2026 S&P 500 target from 7,200 to 7,800, implying another ~5% rally is still possible from here. Not financial advice. Can the market shake off inflation jitters and hit new highs?
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