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Why yesterday's market carnage — the worst rout in more than two years — wasn't so scary after all

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A semblance of calm returned to markets on Wednesday after the carnage sparked by hotter-than-expected American inflation that prompted investors to reassess the outlook for interest rates and economic growth.

 

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Why yesterday's market carnage — the worst rout in more than two years — wasn't so scary after allU.S. stock markets plunged Tuesday after inflation data sparked fears of a bigger hike from the U.S. Federal Reserve. Read on for more
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