The Dow Jones Industrial Average (DJIA) gained 260 points on Wednesday after US Consumer Price Index (CPI) inflation ticked lower on an annualized basis, as markets had broadly hoped.
The Dow Jones climbed 260 points on Wednesday post- CPI inflation print. US consumer-level inflation eased as expected in July. Market bets of a September rate cut remain high, but markets were hoping for more. The Dow Jones Industrial Average gained 260 points on Wednesday after US Consumer Price Index inflation ticked lower on an annualized basis, as markets had broadly hoped.
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