The industrial average Dow Jones fights after the inflation of the PCE accelerates again

• The Dow Jones explored the bearish side on Thursday, testing below 44,500.
• The Dow is missing another bullish impulse in great technological actions.
• The US PCE inflation and consumer income data increased in June.

The Dow Jones Industrial Average (DJIA) tested the end under Thursday, registering a fourth consecutive bearish session while the shares deal with a stubborn Federal Reserve (Fed), which is less and less likely to make feats of fees in the third quarter, or in any quarter, if the US does not achieve a firmer control over the inflationary pressure that continues to lift precautionary flags.

The United States economic data (USA) is still much more robust than many market observers and policy managers feared when the Trump administration initiated an endless cycle of tariff and subsequent setbacks. Global reciprocal tariffs have been announced, delayed and resuscitated routinely, but key two -digit tariffs on fundamental industries such as steel and aluminum imports, as well as foreign cars, are already beginning to affect the main inflation indicators.

Inflation increases after the Fed decision to maintain rates due to inflationary concerns

The inflation of the Personal Consumption Expenditure Index (PCE) USA. In annual terms, PCE inflation accelerated to 2.6% year -on -year, exceeding the expectation of staying at 2.5%. Consumers’ income in the US also rebounded 0.3% in June, and growing salary pressures will add more inflationary forces later.

The US non -agricultural payrolls (NFP) are still on the data agenda for this Friday, promising to close the negotiation week with a tense publication. The US employment and inflation data have acquired an additional importance for the Fed after this week’s decision to maintain stable interest rates for another meeting period. The annualized general inflation of the PCE, a key inflation indicator for those responsible for the Fed rates policy, has remained above the 2% target band of the Fed for almost four and a half years.

The president of the USA, Donald Trump, announced another delay in generalized tariffs, this time only for a country: Mexico. Trump declared in the first thing on Thursday that Mexico has agreed to eliminate its “non -tariff barriers” that have prevented US companies from accessing Mexican consumption markets. However, there may be another communication problem that affects the efforts of the Trump team to ensure trade agreements: according to a statement by the president of Mexico, Claudia Sheinbaum, the current agreement between tariffs does not imply more actions by Mexico.

Trump’s team reiterates well -known statements

According to the White House Press Secretary, Karoline Leavitt, the imminent deadline for countries to deliver desirable commercial agreements to the Trump team desk or in front of severe “reciprocal” tariffs remains on Friday, August 1. To date, this is the fourth time that press secretary Leavitt has announced that reciprocal -plus tariffs will definitely enter into a particular date since Donald Trump assumed the position in January, frequently only hours before President Trump himself announced a delay, or temporary suspension, or an imminent commercial agreement that has not yet been completed.

The US Treasury Secretary, Scott Besent, reiterated on Thursday that the US and China have “the elements of an agreement” to avoid severe import tariffs in both directions, which will be automatically activated if the two parties do not reach a significant agreement before August 12. Besent did not provide details and has been hinting at a possible final advance in commercial conversations between the US and China for months.

Dow Jones price forecast

The Dow Jones is testing again below the level of 44,400 per second time this week, falling into a fourth consecutive bearish session while the actions run out of bullish impulse. The Dow briefly touched a new historical maximum at the intra -level at the beginning of this week, but the main actions index has now dropped almost 2% since the record offer of Monday from 45,130.

The Dow Jones is still firmly in the upward territory, with a solid technical support set in the area of 44,000. The price action could fall 1.4% and still being quoting above the 50 -day exponential (EMA) mobile average about 43,625.

Dow Jones daily graphics