The Dow Jones Industrial Average saw a positive boost on Wednesday, climbing 142 points or roughly 0.3%, as optimism surrounding the progress of U.S.-China trade talks coupled with recent economic data fueled market gains. While the Nasdaq index rose around 0.4% , it’s worth noting that the Dow’s upward movement was less pronounced than that of the Nasdaq. This positive trend comes amidst ongoing discussions about the Federal Reserve potentially lowering interest rates in response to lower-than-expected inflation figures, according to reports. In a Truth Social post, former President Trump expressed his satisfaction with the latest consumer price index (CPI) report, claiming it as “great numbers” and calling for a full one percentage point rate cut. His statement follows Wednesday’s release of CPI data which showed a 2.4% year-over-year increase in May, slightly below expectations. However, core CPI—which excludes food and energy—rose by 2.8%, matching April’s pace, indicating continued inflationary pressures. Despite the slight softening of monthly inflation increases and the Fed’s indication of caution, investors are speculating about potential rate cuts later this year. Further adding to market optimism, President Trump announced that a U.S.-China trade deal is “done,” following two days of talks in London that produced a tentative framework agreement aimed at easing tensions between the two economies. This deal, however, needs formal approval from both Trump and Chinese President Xi Jinping before it can prevent the reinstatement of higher tariffs set for July 9th. Details regarding the new agreement remain scarce but both parties have expressed positive progress.