Major indexes rose in early morning trading but ended the day mostly lower, with the Dow Jones Industrial Average ending today’s session slightly in the red.

Sentiment was lifted slightly this morning after the the release of the July Personal Consumption Expenditures price index. The Fed’s preferred measure of inflation showed prices rose 4.2% year-over-year last month, in-line with economists’ expectations, though slightly higher than the 4.1% price acceleration recorded in June.

“The PCE index has been moving in right right direction overall, but core inflation remains stickier than expected keeping the data dependent — and ‘agile’ — Fed more likely to raise rates again this year,” LPL chief global strategist Quincy Krosby said in a statement on Thursday. “Moreover, the disinflation trend remains steady, but the Fed needs the numbers to edge lower before they can declare victory in its campaign to quell inflation.”