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Stocks climb for third straight day as investors await inflation data

“Wall Street has suffered from heightened volatility amid concerns over rising inflation and the possibility that the Federal Reserve will accelerate its interest rate hikes this year” writes Matthew Rocco for foxbusiness.com. Stocks rallied for a third consecutive day Tuesday after swinging between gains and losses, as traders anxiously waited for a new report on U.S. inflation.Stronger wage growth in January sparked fears of a sudden increase in inflation, although economists expect prices to rise later in the year.The Bureau of Labor Statistics is scheduled to release its latest reading on consumer prices Wednesday, a key update on inflation.
 
Source: foxbusiness.com



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