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Tech Stocks Tumble As Small Caps, REITs, Gold Miners Rally; Soft June Inflation Ignites Rate Cut Expectations: What's Driving Markets Thursday?
A lower-than-expected inflation report for June caused wild market reactions, leading to a surge in tradersâ expectations of Federal Reserve rate cuts and boosting assets that are particularly sensitive to high interest rates.
As the annual inflation rate slowed from 3.3% to 3%, below the predicted 3.1%, and the monthly reading indicated the first...
>>> Read more: Tech Stocks Tumble As Small Caps, REITs, Gold Miners Rally; Soft June Inflation Ignites Rate Cut Expectations: What's Driving Markets Thursday?
A lower-than-expected inflation report for June caused wild market reactions, leading to a surge in tradersâ expectations of Federal Reserve rate cuts and boosting assets that are particularly sensitive to high interest rates.
As the annual inflation rate slowed from 3.3% to 3%, below the predicted 3.1%, and the monthly reading indicated the first...
>>> Read more: Tech Stocks Tumble As Small Caps, REITs, Gold Miners Rally; Soft June Inflation Ignites Rate Cut Expectations: What's Driving Markets Thursday?
