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US stocks flirted with record highs Wednesday as investors awaited key inflation data out tomorrow. The broader market seems to be in a “holding pattern” as investors wait for Thursday’s inflation report, said Craig Johnson, Piper Sandler chief market technician. Economists expect the US consumer price index to rise 4.7% year-on-year. Some investors worry that overheating inflation may nudge the Federal Reserve into rolling back its ultra-easy monetary policy.
...read full article on Business Insider
