Forex Trade Time

Dow notches record closing high, small caps surge on rate cut bets

#USA #stocks were mixed on Tuesday, with the Dow Jones Industrial Average building on Monday’s all-time closing high after solid retail sales data bolstered expectations that the U.S. Federal Reserve is close to easing interest rates. The S&P 500 also rose, but mega-cap growth stocks, led by Nvidia Corp (NASDAQ) and Microsoft Corp (NASDAQ), pulled […]

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Fed’s Kugler says recent data indicates inflation headed to 2% target

  Federal Reserve Governor Adriana Kugler stated on Tuesday that recent data indicates inflation will continue to decline toward the U.S. central bank’s 2% target. She cited a faster reduction in price pressures in recent months, moderation in wage growth, and an emerging balance between the demand for workers and the number of job seekers.

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Dollar rises on retail sales boost

  The dollar rose on Tuesday, marking its second consecutive daily gain, after retail sales data exceeded expectations. Although the data was firmer than anticipated, it remained soft enough to maintain expectations for a Federal Reserve rate cut this year. U.S. retail sales were flat in June, surpassing the expectations of economists polled by Reuters,

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