Investing.com-- US stocks fell Thursday, despite cooling inflation data pointed to a slowing in the U.S. economy even if Federal Reserve interest rate cuts become a possibility later this year.Index, rose as much as 3.6%. This rally was fueled by expectations of a Federal Reserve rate cut in September and hopes for an economic soft landing, bolstered by the latest inflation data.
These figures added to expectations that the Federal Reserve could start cutting rates as soon as September, the next Fed policy-setting meeting. That said, a number of Fed officials have also expressed caution that they would need more evidence of cooling inflation before they voted for cuts, and inflation has remained above the bank's 2% target.The new U.S. quarterly earnings season starts in earnest on Friday, with results scheduled from a number of the nation’s major banking institutions.) stock closed 0.
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