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Stocks hit fresh records as inflation data boosts rate bets
Wall Street shifted expectations toward the Federal Reserve holding rates steady at its next meeting.
Cooler inflation data helped lift US stocks to new highs, with traders revising expectations for the Federal Reserve’s next policy decision.
According to the WSJ Markets, market pricing now points to the Fed keeping interest rates steady at its upcoming meeting.
The move reflects how the latest inflation reading altered the path investors expect for monetary policy.
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