Dow hits all-time high as Wall Street cheers cooling inflation
The Dow rose more than 400 points to an all-time high on Friday as a positive inflation report cleared the way for the Federal Reserve to focus on strengthening the labor market while continuing to ease interest rates. did. In recent trading, the Dow Jones Industrial Average rose 442 points, or 1%, to $42,617. The […]
One Relatively New Decentralized Exchange Has Gained Traction Quickly Amid a Cooling DEX Market: IntoTheBlock – The Daily Hodl
Despite the cryptocurrency sector’s bear market, relatively new decentralized exchanges (DEXs) are gaining momentum, according to digital asset analytics firm IntoTheBlock. company Notes The market capitalization of the leading DEX tokens is currently $26.6 billion. “After a brief rally earlier this year, the market has cooled off, wiping out all of the gains made since […]
Most Federal Reserve officials ready to cut rates in September if inflation keeps cooling
Most Federal Reserve officials agreed last month that they are likely to cut interest rates at their next meeting in September as long as inflation remains subdued. of Minutes The July 30-31 Fed meeting report, released on Wednesday, said a “majority” of policymakers “expressed the view that if data continue to emerge broadly in line […]
Powell: Fed could cut rates 'as soon as' September if inflation, job market keep cooling
Federal Reserve Chairman Jerome Powell said Wednesday that the central bank could cut interest rates “as early as” September if inflation and the job market continue to cool. After the Fed announced it would keep interest rates steady on Wednesday, Powell said it needed to see a combination of generally healthy economic data, along with […]
GM, Ford may see profit hit amid cooling EV demand, US dealer software problems
Ryan Payne, President of Payne Capital Management, appeared on “Mornings with Maria” to explain the latest data on the auto industry. General Motors Co and Ford Co could report lower profits in quarterly results this week as the industry’s big bet on electric vehicles fails to pay off and a cyberattack on a critical computer […]