The Dow Jones Industrial Average (DJIA) retreated on Friday, dipping below 45,500 as stocks reacted to a fresh rise in US Personal Consumption Expenditures (PCE) inflation data. Despite the uptick in inflation, investors continue to expect a Federal Reserve interest rate cut in September.
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Equities Pull Back but Hold Near Highs<\/p>\n\n\n\n
The Dow Jones softened but remains resilient, staying close to its all-time high above 45,760. While bullish momentum has stalled, the index finds intraday support around 45,500, maintaining its near-term gains.<\/p>\n\n\n\n
July\u2019s core PCE inflation climbed to 2.9% year-over-year, the highest since March, driven by tariff-related price pressures seeping into broader inflation metrics. This uptick has undone some of the progress made in curbing inflation over the past five months.
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Rate Cut Expectations Persist Despite the inflationary pressure, markets are pricing in nearly 90% odds of a quarter-point rate cut by the Federal Open Market Committee (FOMC) at its September 17 meeting, according to the CME\u2019s FedWatch Tool. With US employment data showing a sharp decline through Q2, the Fed may feel compelled to cut rates to support the economy, even if inflation remains above its 2% target. Investors are now eyeing the upcoming release of key US employment figures next week, which could further influence the Fed\u2019s decision.<\/p>\n","protected":false},"excerpt":{"rendered":" The Dow Jones Industrial Average (DJIA) retreated on Friday, dipping below 45,500 as stocks reacted to a fresh rise in US Personal Consumption Expenditures (PCE) inflation data. Despite the uptick in inflation, investors continue to expect a Federal Reserve interest rate cut in September. Equities Pull Back but Hold Near Highs The Dow Jones softened …<\/p>\n","protected":false},"author":13,"featured_media":94378,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[],"class_list":["post-118258","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=118258"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118258\/revisions"}],"predecessor-version":[{"id":118263,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118258\/revisions\/118263"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/94378"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=118258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=118258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=118258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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