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April CPI clocked 3.8% YoY inflation, hottest in three years and above forecasts. S&P dipped 0.16% to 7401 yesterday, Nasdaq 0.71% to 26088. No Fed cuts soon keeps mortgage rates above 7%, groceries up 25% since 2020, hitting budgets hard. Oil at $106 piles on.
2026-05-13T22:08:29.672Z