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US inflation surges in January, dimming hopes for Fed rate cuts
U.S. consumer prices increased more than expected in January, reinforcing the Federal Reserve’s message that it was in no rush to resume cutting interest rates
Wall Street Today: Dow Jones drops 400 points as US Inflation rises 50 bps to 3% YoY, dimming hopes for Fed rate cuts
Wall Street Today: Dow Jones drops 400 points as US Inflation rises 50-basis-points to 3% YoY, cutting rate cut hopes Source link