{
Robin Goolsbee

People

}
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Wall Street gains momentum ahead of key inflation data release

US indices extended their winning streak, with Wall Street gaining 497 points or 1.20% over the week, driven by optimism from Fed President Goolsbee on economic resilience and inflation progress. Key economic data, including the core PCE price index, is anticipated, with markets pricing in potential Fed rate cuts. The recent rally is viewed as a short-covering bounce, lacking strong reasons for a sustainable upward trend.
IG
United States Dollar Apple Inc. End Federal Reserve USD USA Robin Goolsbee Donald Trump
Finance & Economy, Market Report
05:17 24.03.2025

Dow surges as inflation report eases shutdown fears and boosts markets

The Dow Jones Industrial Average surged about 755 points, or 1.8%, amid optimism over a potential government funding deal, with House Speaker Mike Johnson indicating a vote on a measure that would prevent a shutdown. The S&P 500 and Nasdaq also saw gains of 1.7% each, following a PCE inflation report that showed slower price increases than expected. Despite Friday's rally, all sectors remained on track to finish lower for the week.
MarketWatch
United States Dollar USA Robin Goolsbee Mike Johnson
Finance & Economy, Market Report
09:55 20.12.2024
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