By Staff Reporters
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The DJIA Briefly surged over 600 points this morning.
WHY DOW?
Inflation data showed the Consumer Price Index rose 0.1% on the month of November, cooler than the expected 0.3% rise. The index rose 7.1% year over year, lower than the 7.3% Econoday estimate.
CITE: https://www.r2library.com/Resource/Title/082610254
In addition, the next meeting Fed meeting kicks off Tuesday with an interest rate decision on Wednesday. While the Fed has already heavily telegraphed a 50-basis-point hike, investors will be looking for further guidance on the Fed’s plans.
Finally, according to the CME’s FedWatch tool, traders place a 79% chance of a 50-basis-point rate hike.
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Filed under: Breaking News, iMBA, Inc., Investing | Tagged: DJIA surges, DOW |
DOW Down
Of course it is now trending down-Bummer!
Lou
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