The Dow Jones Industrial Average (DJIA) pared back on some of the week’s earlier gains after US Consumer Price Index (CPI) inflation figures from September failed to meet market expectations.
The Dow Jones shed around 100 points on Thursday before grinding back to the middle. US CPI data came in hotter than expected, US Initial Jobless Claims also rose. Markets are firmly planted in bets for a 25 bps November cut. The Dow Jones Industrial Average pared back on some of the week’s earlier gains after US Consumer Price Index inflation figures from September failed to meet market expectations.
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