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International Business Times
International Business Times
Business

Odds Of a Fed Rate Hike Climbed After Hotter-Than-Expected Core Inflation. Stocks Climbed Anyway.

US Federal Reserve Inflation Joanne Hsu
Stocks rose on Friday, breaking a four-day losing streak.

Stocks rose on Friday, breaking a four-day losing streak even as bets of a rate hike by the Federal Reserve jumped after core inflation rose more than expected in July.

The S&P 500 gained 0.86%, while the Dow Jones Industrial Average did so 0.98%. The tech-heavy Nasdaq Composite gained 0.96%.

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