US stocks retreat despite better inflation data

NEW YORK, Jan 12 — Wall Street stocks declined early today as markets weighed how the latest signs of moderating inflation will affect upcoming Federal Reserve interest rate decisions.

Although generally positive, the report showed services inflation remained above the Fed’s target rate. Some analysts said anticipation of the better inflation data had lifted US equities the last two days.

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Global stocks rise, bond yields rise with December’s upcoming price data in focusNEW YORK, LONDON, Jan 11 — Wall Street’s major stock averages closed higher yesterday, steadying in the afternoon after early volatility while Treasury yields rose as investors...
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