Dow Jones softly higher but still down slightly from recent record highs. Record equity gains on rate cut hopes could prove to be short-lived. Fedspeak remains key focal point for markets. The Dow Jones Industrial Average is on the high side as markets wind down a hectic trading week that saw rate cut hopes return to the forefront after US Consumer Price Index inflation eased to a three-month low. Easing inflation figures sparked a risk appetite rally that sent the Dow Jones over the 40,000.
The Dow Jones is up over 1% for the week, and a bullish Friday close will mean the index has gained ground for all but two of the last 12 consecutive trading days. Bulls remain firmly in control with the DJIA trading well above the 200-day Exponential Moving Average at 37,067.12. Dow Jones five minute chart Dow Jones daily chart Fed FAQs What does the Federal Reserve do, how does it impact the US Dollar? Monetary policy in the US is shaped by the Federal Reserve .