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Stocks tick higher after another sign of cooling inflation

August 11, 2022

Via: ABC News

Wall Street is rising again Thursday after another encouraging dose of data showed inflation cooled last month.

The S&P 500 was up 0.6% following a report showing inflation at the wholesale level slowed more than economists expected. It bolstered hopes among investors that inflation may be close to a peak and that the Federal Reserve won’t be as aggressive about raising interest rates as feared.

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