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US inflation data paves the way for another rate hike

Stocks down though CPI rose by less than expected

Kristie Batten
US inflation data paves the way for another rate hike

The March consumer price index rose 1% month-on-month, putting annual inflation at 5%, slightly below forecasts. The S&P 500 was down 0.4% and ASX futures were down 3 points. "Equity markets softened...

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