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stocks rise on inflation report boosting rate cut expectations

US stocks rose following a consumer price index report that met expectations, reinforcing confidence in a potential interest rate cut this month. November's CPI increased 2.7% year-over-year, slightly up from October's 2.6%, while core CPI rose 3.3%. Odds for a quarter-point rate cut next week surged to 94.5%, as investors remain cautious about inflation's impact on the Federal Reserve's upcoming policy meeting.
Markets Insider
United States Dollar USA Josh Hirt Chris Zaccarelli
Finance & Economy, Market Report
15:59 11.12.2024
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