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Stocks fall after strong inflation data

wsj 3 min read . Updated: 24 Feb 2023, 09:24 PM IST The Wall Street Journal
File image. Photo: BloombergPremium
File image. Photo: Bloomberg

  • Recent data has undermined the idea the Fed could cut rates later this year.

U.S. stock indexes pulled back Friday, resuming a spell of selling, after an inflation gauge favored by the Federal Reserve showed stronger-than-expected price pressures.

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