The July PCE and Core PCE inflation data met expectations at 2.6% and 2.9% respectively, indicating no major surprises that would disrupt the potential for a Federal Reserve rate cut next month. This stability in inflation figures could support a more dovish stance from the Fed, potentially benefiting growth stocks, including those in the tech sector like Palantir ($PLTR), which the author follows. Investors should monitor the Fed's next meeting for confirmation of a rate cut.