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Stocks Extend Rally After Inflation Slowdown

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The Nasdaq and S&P extended gains and the dollar slid on hopes that slowing inflation will encourage the Federal Reserve to back off its campaign of aggressive interest-rate increases

Related Video: In 2021, officials thought that high inflation would be temporary. But a year later, it was still near a four-decade high. WSJ’s Jon Hilsenrath explains three factors that have kept inflation up for longer than expected.

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Or Republicans slowing Biden down

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