Dow Jones jumps 463 points as inflation data sparks rate cut optimism NEW YORK: U.S. stocks surged Tuesday after fresh inflation data came in slightly below expectations, bolstering hopes that the Federal Reserve may cut interest rates as soon as next month. The Dow Jones Industrial Average climbed 463 points, or 1.1%, to 44,428.…
Dow Jones drops 200 points as traders await key inflation data NEW YORK: U.S. stocks fell Monday as traders awaited key inflation data later this week, overshadowing a positive development on the trade front. The Dow Jones Industrial Average slipped 200.52 points, or 0.45%, to close at 43,975.09. The S&P 500 lost 0.25%, settling…
Dow Jones slumps over 300 points as financials weigh; Nasdaq hits record U.S. Treasury yields climbed and the Dow Jones Industrial Average fell on Tuesday after Treasury Secretary Scott Bessent initiated the formal selection process for a new Federal Reserve chair, while June inflation data met expectations but fueled tariff concerns. The Dow slid…
CPI inflation recorded at 9.05% YoY in Mar’21 For the month of Mar’21, headline inflation as measured by CPI clocked-in at 9.05% YoY, taking the 9MFY21 average inflation to 8.34% YoY compared to 11.55% in 9MFY20. On a yearly basis, the jump in index came mainly due to: i) 11.6% YoY increase in food…
Headline inflation declined to 5.65% YoY (down 0.21% MoM) in January, compared to 7.97% YoY in December, beating market expectations of around 6.0% YoY. Most of the sequential decline in inflation was on the back of a 2.65% MoM drop in food inflation, which had until recently been in the spotlight given its impact…