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Stocks Extend Rally After Inflation Slowdown

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The Nasdaq and S&P extended gains and the dollar slid on hopes that slowing inflation will encourage the Federal Reserve to back off its campaign of aggressive interest-rate increases

Related Video: In 2021, officials thought that high inflation would be temporary. But a year later, it was still near a four-decade high. WSJ’s Jon Hilsenrath explains three factors that have kept inflation up for longer than expected.

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Stocks see biggest gains since 2020 as investors take hope from inflation reportThe stock market is staging its biggest rally in two years after a report showed Thursday morning that inflation cooled in October. Investors are hopeful because Republicans in the house will stop Biden spending…,period!
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