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Dow edges back from record high as stock-market investors parse biggest CPI increase since 2008

Dow edges back from record high as stock-market investors parse biggest CPI increase since 2008

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U.S. stock indexes on Tuesday morning edged slightly lower from Monday’s record closes, as investors assessed a hotter-than-expected consumer inflation report for June, which suggests to some that the Federal Reserve may neeed to consider removing some of its monetary policy measures to avoid an overheated post-COVID economy. The consumer price index leaped 0.9% last month, the government said Tuesday.

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