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    Shaikh Kaif in News

    16 Feb 06:00 PM


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    Hot US inflation report stops Wall Street stocks rebound

    US wholesale prices saw a larger-than-expected increase on Friday, causing concerns about the timing of interest rate cuts and halting Wall Streets recent rebound. This comes after data released earlier in the week showed that US consumer price inflation slowed less than anticipated in January, dealing a blow to hopes of an early rate cut by the US Federal Reserve.