⚠️BREAKING: *DOW JUMPS OVER 200 POINTS AS U.S. STOCKS RALLY AHEAD OF MONTHLY INFLATION DATA $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
and the Dow rose modestly on Tuesday ahead of inflation data, as investors were hopeful that a slowdown in price increases could support a sooner-than-expected end to the Federal Reserve's policy of rapid monetary tightening. The latest data, due on Wednesday, is expected to show consumer prices cooled on an annual basis in June, which could influence bets on another rate hike after the July meeting.
New York Fed President John Williams in an interview with the Financial Times said the central bank is not done raising rates. He added that the economy is yet to feel the full impact of past rate hikes.
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