Dow Jones Industrial Average rallies on chilling CPI, but pares back as Fed still looms large
The Dow Jones soared over 350 points in early Wednesday trading after US Consumer Price Index (CPI) inflation receded faster than expected, but investors are pulling back ahead of the Federal Reserve’s (Fed) latest rate call that will bring a hotly-anticipated update to the Fed’s “dot plot” of Interest Rate Expectations.
The Dow Jones soared over 350 points in early Wednesday trading after US Consumer Price Index (CPI) inflation receded faster than expected, but investors are pulling back ahead of the Federal Reserve’s (Fed) latest rate call that will bring a hotly-anticipated update to the Fed’s “dot plot” of Interest Rate Expectations.
