United States Monthly Budget Statement registered at $-66B above expectations ($-83B) in June

Jul 11, 2024

Fed's Musalem: CPI data points to encouraging further progress, recession risks are low

Federal Reserve (Fed) Bank of St. Louis President Alberto Musalem noted on Thursday that while the disinflation process is ongoing, the Fed policymaker would like to see more progress and highlighted that recession risks remain low.

Dow Jones Industrial Average middles post-US CPI inflation

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.