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Sunday, December 22, 2024

Markets Shudder on Higher-Than-Expected Inflation Numbers

Stocks plummeted and U.S. government bond yields rocketed higher after fresh inflation data undermined investors’ bets over the slowing pace of inflation in August. Futures for the S&P 500 more than 2 percent in premarket trading on Tuesday. Stocks had nudged higher in recent trading sessions, …

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