MSCI WORLD STOCK INDEX HITS RECORD HIGH AND DOLLAR DIPS AFTER US INFLATION DATA
NEWS Desk Global

The MSCI world stock index hit a record high while the U.S. dollar index inched lower on Friday after data showed that U.S. inflation was flat in May, fueling investor optimism the Federal Reserve could begin cutting interest rates in September.
U.S. stocks were moderately higher after the S&P 500 and Nasdaq hit record highs in early New York trading. The Fed's preferred inflation measure, the personal consumption expenditures (PCE) index, showed that annual growth in prices was 2.6% in May, as economists had expected, down from 2.7% in April.
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