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US Stocks Drop as Looming Fed Rate Hikes and Diesel Crunch Threaten Markets

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

News Summary

  • Following a blockbuster August jobs report, markets face crucial CPI and PPI inflation data that could prompt Federal Reserve rate hikes.
  • Meanwhile, escalating conflicts in Iran and Ukraine have driven US diesel prices to record highs, straining global energy supplies and tightening distillate inventories.
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7619.98 +12.62% over the displayed period

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