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Wall Street moves as inflation eases
The U.S. markets experienced a partial rebound following remarks by Federal Reserve Chairman Kevin Warsh, who indicated a decrease in inflation risks and reaffirmed the central bank's commitment to bringing it down to 2%. This led to gains in the Dow Jones and S&P 500 indices, while oil prices fell by 2.1%. Expectations now point to at least one interest rate hike during the current year. On the other hand, data showed a slowdown in American manufacturing activity in June, although it still remains at levels suggesting continued growth.
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