Economic news drives Wall Street especially updated critical data points pertaining to inflation, earnings, and interest rates. It has been a week of negative news on most of these fronts. Monday thru Wednesday, the stock market drifted lower on anticipated bad news on inflation. Hawkish rhetoric from a few Federal Reserve Governors exacerbated the situation. Wednesday morning the latest on CPI was released and rose by 1.3% for June. The numbers also indicated that the
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