Market Rally Anticipated Amidst Tariff Inflation Data
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Investors are anticipating another market rally as they await key economic data on the impact of President Trump's tariffs on inflation. Futures point upward, with the Dow, S&P 500, and Nasdaq showing gains. The 10-year Treasury yield remained flat, while gold and oil prices fell. Upcoming July CPI and PPI data are expected to show increased inflation. Despite the White House's pressure on the Federal Reserve, Wall Street maintains optimism, with analysts like Mike Wilson predicting a new bull market.
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