Us Stocks Whipsaw But Close Higher As Wall Street Mulls Fed Outlook After July Cpi

Photo by Michael Nagle/Xinhua via Getty Images) US stocks closed higher Thursday but gave up their biggest gains as traders assess July CPI data. Inflation last month came in at 3.2%, higher than June but lower than what was expected. Markets are deciding if it was enough to warrant a full pivot by the Fed away from tight monetary policy.

 

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