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Markets Mixed as Inflation Data Loom | US News
Markets kick off with mixed signals: Middle East tensions ease as Iran nears shipping route deal through Hormuz, potentially calming oil prices and inflation fears. Inflation data looms large this week — consumer and producer price reports could steer the Fed’s next move, especially since Chair Warsh remains silent. July’s job report cooled rate hike bets, dropping September hike odds to 44%. Cleveland Fed’s Beth Hammack may add insight later. Stocks rally slightly, with S&P 500 hitting a record close and Dow climbing — analysts say it’s more about unwinding leveraged positions than a…
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