Wall Street slips after latest US inflation data

by Pelican Press
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Wall Street slips after latest US inflation data

Wall Street’s main indexes have fallen after latest inflation numbers hit expectations of a bigger interest rate cut by the Federal Reserve while odds of Democrat Kamala Harris winning the US presidency rose following a televised debate.

Consumer prices in the United States increased marginally in August but underlying inflation showed some stickiness, which could discourage the Fed from delivering a half-point rate cut next week.

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