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Business · United StatesThe S&P 500 and the Nasdaq ended at record closing highs on Tuesday, as news that July inflation rose broadly in line with expectations bolstered bets on a Federal Reserve interest rate cut next month.See the Story
S&P 500, Nasdaq end at record closing highs as moderate inflation lifts rate hopes
49% Center coverage: 105 sources
Wall StreetBy Gregor Stuart Hunter SINGAPORE (Reuters) -Stocks in Asia made an uneven recovery as higher-than-expected producer price inflation dampened expectations of a jumbo rate cut at the Federal Reserve’s September meeting, while U.S. bonds and equity futures stabilised. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.3% after a report on Thursday from the Bureau of Labor Statistics which showed the Producer Price Index increase…See the Story
Asia markets stumble as hot PPI print reins in Fed rate cut hype
45% Center coverage: 9 sources
