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Stocks advance as US inflation data raises rate cut hopes

By Inquirer - 3 months ago
New York, United States — Global stock markets mostly rose on Wednesday after further evidence of cooling US consumer price inflation bolstered the prospect of a September interest rate cut. Eagerly awaited data showed the US consumer price index (CPI) rose 2.9 percent last month from a year ago, its smallest 12-month increase since March

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