Argentina Consumer Price Index (MoM) below forecasts (5.1%) in June: Actual (4.6%)

Jul 12, 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.

Gold price steadies above $2,400 as Fed rate cut hopes intensify

Gold’s price clung above $2,400 on Friday after hitting a daily low of $2,391.