Stocks Fall As Inflation Data Chills Rate-Cut Excitement, Chipmakers, Solar Sector Soar On Harris-Linked Boost: What’s Driving Markets Wednesday?

By Stocks Fall As Inflation Data Chills Rate-Cut Excitement, Chipmakers, Solar Sector Soar On Harris-Linked Boost: What’s Driving Markets Wednesday?Wall Street witnessed a broad sell-off on Wednesday, except for the tech sector, as investor optimism over disinflation progress cooled following a mixed August inflation report.The Consumer Price Index (CPI) rose 2.5% year-over-year, slightly below the…

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Latest inflation data gives a ‘bright green light’ for a rate cut

By: CNN  —  The Federal Reserve’s go-to inflation gauge held at 2.5% in July, Commerce Department data showed Friday. That’s better than anticipated and shows progress — but still underscores the bumpy process for inflation’s descent. Friday’s report also reaffirmed that the backbone of the US economy — the consumer — is still holding strong,…

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