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Dow Plunges as U.S. Inflation Rate Hits 40-Year High
The stock market extended an end-of-week selloff on Friday after the Labor Department reported inflation unexpectedly returned to record highs last month—feeding concerns that the Federal Reserve may embark on a more aggressive campaign to temper rising prices, even if it risks stunting economic growth. The Dow Jones Industrial Average plunged 880 points, or 2.7%, […]
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