U.S. Stock Movement | Bank sector rises as the probability of a Federal Reserve rate cut in September increases
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On Tuesday, the banking sector rose, with Citigroup up over 3%, Goldman Sachs up over 3.7%, JPMorgan Chase up over 1.5%, Morgan Stanley up over 2.5%, and Bank of America up over 2.7%. On the news front, the CPI in July remained basically flat, and after the release of this data, the probability of the Federal Reserve cutting interest rates in September rose to 90.1%
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