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Dow Jones Industrial Average scorches up the charts 740 points as rate cut hopes rise even higher
The Dow Jones Industrial Average (DJIA) surged to a second record-setting day in a row, climbing over 600 points to chalk in a fresh all-time peak above 40,850 as market sentiment buries the needle even further into hopes of a September rate cut from the Federal Reserve (Fed).Fxstreet
Jul 16, 2024
Dow Jones Industrial Average finds new record high as Fedspeak keeps rate cut hopes high
The Dow Jones Industrial Average (DJIA) rallied into a new all-time peak on Monday, clipping into 40,346.22 before settling back into the day’s opening range near 40,200.00 as markets continue to weigh the odds of a future rate cut from the Federal Reserve (Fed).Fxstreet
Jul 15, 2024
Dow Jones Industrial Average soars on rate cut hopes, sets new all-time high
The Dow Jones Industrial Average (DJIA) soared over 450 points on Friday as markets pile back into renewed hopes for rate cuts from the Federal Reserve (Fed) in September even as US Producer Price Index (PPI) wholesale inflation accelerated faster than expected in June.Fxstreet
Jul 12, 2024
US Dollar stabilizes ahead of US PPI release
The US Dollar (USD) trades very mixed on Friday, with markets looking for direction as a clear rotation is taking place in the equity markets. With an interest rate cut from the US Federal Reserve (Fed) being a near certainty in September, investors areFxstreet
Jul 12, 2024
Dow Jones Industrial Average churns after cooling US CPI inflation sparks pullback in tech stocks
The Dow Jones Industrial Average (DJIA) mostly stuck to familiar territory on Thursday, clipping into the high end after US Consumer Price Index (CPI) inflation came in below expectations and sparking an uptick in broad-market rate cut expectations in 2024.Fxstreet
Jul 11, 2024
US Dollar extends losses as soft inflation data confirms market's September rate cut expectations
The US Dollar measured by the DXY index slipped further on Thursday, mainly due to the decelerating inflation figures from the US Consumer Price Index (CPI), which makes an even better case for a September interest rate cut by the Federal Reserve (Fed).Fxstreet
Jul 11, 2024
US Dollar eases ahead of CPI while pressure on Biden builds
The US Dollar (USD) edges lower for a second day in a row when measured by the US Dollar Index. The Greenback does not have much reason to rally firmly, with uncertainty creeping in its valuation after big names such as Nancy Pelosi and actorFxstreet
Jul 11, 2024
