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US stocks jump as investors shake off inflation data showing prices climbing at the quickest pace in 4 decades

3 days ago   |   By Business Insider

A trader works on the trading floor at the New York Stock Exchange in Manhattan, New York City, U.S., December 28, 2021. Andrew Kelly/Reuters
US stocks rose after an inflation gauge for December showed the fastest pace in four decades.
The CPI gained 7% year-over-year last month, in line with the median forecast.
But it did little to change investors' expectations for continued tightening from the Fed.
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US stocks closed higher on Wednesday after inflation data for December came in as expected, but still showed prices...
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