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Stock Market News: Inflation cools, stocks jump as Netflix, Tesla rise

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Consumer prices rose just 3% the lowest since March 2021 giving stocks a lift, Netflix shares could see a 20% jump, Tesla gets another share price target hike and Chipotle rolls out an avocado making robot. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.

Traders on the floor of the NYSE. REUTERSto stop tightening U.S. monetary policy after what is still widely expected to be an interest-rate hike at its meeting in two weeks time, traders bet on Wednesday.

Implied yields on futures tied to the U.S. central bank's policy rate fell after a government report showed consumer prices last month rose 3.0% from a year earlier, after climbing 4.0% in May.whose persistence has been particularly worrying to Fed policymakers, eased more than expected to 4.8%. The contract pricing still shows traders overwhelmingly expect the policy rate to rise a quarter point, to a 5.25%-5.5% range, at the Fed's July 25-26 meeting, but now see about a 25% chance of another rate hike before year's end, down from about 35% before the report.

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