The Dow Jones Industrial Average (DJIA) churned on Friday before pushing into the high end for the day as investors shake off still-high US Personal Consumption Expenditure (PCE) Price Index inflation.
Dow Jones determined to wrap up Friday in the green despite stubborn inflation. US PCE inflation remained higher than expected. Hopes for rate cuts now lean heavily on next week’s US NFP print. The Dow Jones Industrial Average churned on Friday before pushing into the high end for the day as investors shake off still-high US Personal Consumption Expenditure Price Index inflation.
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