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Wall Street Hits Record Highs Despite Rising Inflation | CNN2.0
2 months ago
9
U.S. stocks surged to record closes as August inflation data met expectations, fueling hopes of a Federal Reserve rate cut in September. The Dow broke past 46,000 for the first time, while the S&P 500 and Nasdaq also reached new highs. Despite inflation pressures from groceries and fuel, investors cite softening labor markets and bet on easing monetary policy.
Stay with CNN2.0 for the latest market analysis and economic updates.
#WallStreet #Inflation #StockMarket #CNN2Point0 #FedRateCut #DowJones #S&P500 #Nasdaq
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