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Fed Hike Fears Cool as Stocks Rally; Oil Climbs on US-Iran Clashes

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Wall Street rallied and yields eased as Federal Reserve officials Christopher Waller and John Williams softened rate-hike concerns, urging a data-dependent stance.
  • However, renewed US-Iran tensions pushed crude oil prices higher, sustaining underlying inflation worries ahead of upcoming US jobs and inflation data.
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