Wall Street stocks edge higher on Thursday after US data showed consumer inflation inched up in July, broadly in line with expectations. – EPA pic, August 11, 2023.
WALL Street stocks edged higher yesterday after US data showed consumer inflation inched up in July, broadly in line with expectations. Although inflation picked up for the first time in around a year, at an annual rate of 3.2%, the moderate figure could support the case that the central bank can hold rates steady at its next policy meeting.
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