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PPI Inflation Fuels Fed Rate Hike Odds as US Stocks Slump

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

News Summary

  • August wholesale inflation met expectations, fueling higher bond yields and lifting Federal Reserve rate hike probabilities.
  • Major equity benchmarks slid, with the S&P 500 and Nasdaq each falling 0.6% ahead of the upcoming consumer price index report.
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US500 price history

7585.73 +11.35% over the displayed period

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