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globalreutersJuly 12, 20241 Mins read
Dow Jones Industrial Average rallies on rate cut hopes, sets new all-time high
globalreutersJuly 12, 20241 Mins read The Dow Jones Industrial Average (DJIA) soared over 450 points on Friday as markets pile back into renewed hopes for rate cuts from the Federal Reserve (Fed) in September even as US Producer Price Index (PPI) wholesale inflation accelerated faster than expected in June.
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