Wall Street indexes plunge as US inflation dampens hopes of Fed rate cuts in June.
All sectors are trading lower with Real Estate and Utilities the most affected. The Dow Jones Index is under increasing bearish pressure below 38,540 with scope to retest 38,035 area. Equity markets are taking a blow on Wednesday as an unexpectedly strong US inflation report has hammered hopes that the Federal Reserve may start lowering borrowing costs in the near term. US Consumer Prices Index accelerated at a 0.4% pace in March, against expectations of a slowdown to 0.
Dow Jones Index 4-Hour Chart Dot Plot FAQs What is the Federal Reserve “Dot Plot”? The “Dot Plot” is the popular name of the interest-rate projections by the Federal Open Market Committee of the US Federal Reserve , which implements monetary policy. These are published in the Summary of Economic Projections, a report in which FOMC members also release their individual projections on economic growth, the unemployment rate and inflation for the current year and the next few ones.
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