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Stocks rise for the first time in 4 days after tame inflation data

“U.S. equities edged higher Friday as weak inflation data encouraged investors that the Federal Reserve will keep monetary policy lower for longer” writes Brendan Mcdermid for “I’m not sure that the market believes that the Fed won’t do anything to the balance sheet.”. “Because the numbers came in lower, the market saw that as an indication that the Fed won’t raise rates in September,” said Robert Pavlik, chief market strategist at Boston Private.

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