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Wall St retreats as hot inflation data, Fed comments fuel rate worries

By Chuck Mikolajczak and Niket NishantUS stocks stumbled on Tuesday, as a hotter-than-expected inflation reading cemented expectations for a rate hike from the Federal Reserve next month and fueled concerns the central bank may be more aggressive in raising rates.The Labor Department said the Consu…

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By Chuck Mikolajczak and Niket NishantUS stocks stumbled on Tuesday, as a hotter-than-expected inflation reading cemented expectations for a rate hike from the Federal Reserve next month and fueled concerns the central bank may be more aggressive in raising rates.The Labor Department said the Consu…

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