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Dow rallies over 40,000 on CPI. Is the Fed ready for rate cuts?

#yahoofinance #dow #cpi #fed #inflation The Dow Jones Industrial Average (^DJI) crossed above 40,000, a record-high for the market index, on Thursday morning. Markets (^IXIC, ^GSPC) may be encouraged by Wednesday's cooler-than-expected Consumer Price Index (CPI) inflation print for April, but is the Federal Reserve fully on board with the idea of interest rate cuts? New York Fed President John Williams believes inflation could fall below 3% by the end of the year, amidst comments from other Fed officials that say April's CPI is not enough to green light rate cuts Catalysts Hosts Seana Smith and Madison Mills sparse through this week's Fed commentary as markets rally to new highs. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan. Yahoo Finance: Market Coverage, Stocks, & Business News About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X:   / yahoofinance   Instagram: https://www.instagram.com/yahoofinanc... TikTok: https://www.tiktok.com/@yahoofinance?... Facebook:   / yahoofinance   LinkedIn:   / yahoo-finance