30 Aug 2025
Dow Jones Industrial Average backslides after fresh rise in PCE inflation
The Dow Jones eased lower on Friday, testing below 45,500.
Equities recoiled after US PCE inflation metrics rose in-line with forecasts.
Despite fresh inflation pressure, markets are still banking on a September rate cut.
The Dow Jones Industrial Average (DJIA) softened on Friday, easing back below 45,500 as stocks retreated due to another uptick in US Personal Consumption Expenditures Price Index (PCE) inflation figures. Despite rising inflation pressures, markets are still betting that the Federal Reserve (Fed) will deliver a fresh interest rate cut in September.
