Dow Jones Holds Steady Amid U.S.-China Trade Talks and Growth Forecast Adjustments
The Dow Jones Industrial Average (DJIA) maintained its upward trajectory as U.S.-China trade talks entered their second day in London. Market sentiment remains cautiously optimistic, though overshadowed by the TRUMP administration''s appeal against a court-ordered tariff pause. Legal arguments hinge on potential ''irreparable economic and national security harms,'' with the case now pending review by the U.S. Court of Appeals for the Federal Circuit.
A Reuters poll of 105 economists suggests a likely Fed rate cut in September, with 59 forecasting the move. Meanwhile, the World Bank slashed its 2025 U.S. growth forecast to 1.4%, down from 2.3%, citing tariff impacts and mounting economic uncertainty. Global growth projections also face downward revisions.
