The Key Fed Inflation Rate Heats Up, Lifting Rate-Hike Odds; The S&P 500 Shakes It Off

The Key Fed Inflation Rate Heats Up, Lifting Rate-Hike Odds; The S&P 500 Shakes It Off

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The Federal Reserve's primary inflation rate showed that core price pressures ran hotter than expected in April. Supercore inflation, or core services excluding housing, also increased. The S&P 500 initially lost traction, then regained its stride after the report, though the data bolsters the…

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