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Wall Street retreats from record highs, US inflation surges in June as demand for used cars jumps – ABC News
US stocks pull back from record highs as the US sees the biggest jump in consumer inflation in 13 years — the North American…
US inflation increased in June at its fastest pace in 13 years amid high demand for used cars and trucks, and rises in food and energy costs.
Key points:
- US consumer prices rise in june by the most since 2008
- The S&P 500 fell 0.4pc to 4,369, the Dow Jones…
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