Wall St climbs as signs of cooling inflation ease rate hike bets; Dow up over 500 points

Financial

Wall Street’s main indexes rose more than 1% on Wednesday after data showing a slower-than-expected rise in inflation in July prompted traders to cut their bets on a third straight 75-basis-point interest rate hike in September. U.S. consumer prices did not rise in July compared with June, marking the slowest monthly inflation in more than…

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