Investors wait for debates and inflation report, Fed hints at rate cuts

From Investing.com: 2024-06-26 05:13:00

US stocks edged higher as investors awaited the presidential debate and PCE inflation report. The Fed hinted at rate cuts. The French elections are looming. Aussie and loonie strengthened on hotter CPI reports. Yen remains weak as Dollar gains against the Euro. The probability of rate cuts by the Fed ahead of the elections is decreasing. US stocks rose, led by Nvidia. French stock market uncertain. Canadian and Australian inflation beats expectations. BoC faces a dilemma. RBA remains hawkish. Dollar/Yen nears 160, BoJ may take a hawkish stance.



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