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Markets today: U.S. stocks Join losses in bonds as Fed-cut bets wane

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Stocks and bonds retreated as data showing U.S. business activity accelerated amid a pickup in inflation reinforced speculation the Federal Reserve will remain on hold.

Markets today: U.S.

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Markets today: Stocks fall after pay data fuel hawkish Fed wagersStocks joined losses in bonds after a report showing surprisingly high labour costs reinforced speculation the U.S. Federal Reserve will be in no rush to cut interest rates.
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