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Markets today: Stocks sink as U.S. CPI shuts door on Fed June pivot

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Wall Street traders sent stocks and bonds sliding after another hotter-than-estimated inflation report signaled the U.S. Federal Reserve will be in no rush to cut interest rates this year.

Markets today: Stocks sink as U.S. CPI shuts door on Fed June pivotZimbabwe’s ZiG Strengthens for Second Day, Gains 0.

2% to DollarVitol’s Millionaire Traders Aren’t Motivated by Money, CEO SaysThames Water Bondholder Warns Haircuts Risk Triggering ContagionOlympic Gold Medalists in Track to Get $50,000 in Prize MoneyUS Core CPI Tops Forecasts Again, Likely Delaying Fed Rate CutsRussian Oil Is Once Again Trading Far Above the G-7’s Price Cap EverywhereANC Support Plunges in South African Poll as Zuma Party SurgesSouth Africa Fossil Fuel Subsidies Top $6 Billion, Study ShowsEU Weighs NATO Role to Shield Energy...

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