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DOW surges as disinflation gains momentum and fed’s tightening cycle nears end

DOW surges as disinflation gains momentum and fed’s tightening cycle nears end
US stocks closed significantly higher overnight, with DOW and S&P 500 extending their near-term rallies. This week’s data supported the view that disinflation is gaining momentum in the US, as evidenced by the notable downside surprise in US PPI and the below-expectation headline CPI readings for March. Additionally, jobless claims data indicated that job market […] The post DOW surges as disinflation gains momentum and fed’s tightening cycle nears end appeared first on Action Forex... Read More
Posted: Apr 14 2023, 05:33
Author Name: actionforex
Views: 111837

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