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Consumer and wholesale inflation data key to market direction

On Thursday, the broad Standard & Poor's 500 closed 10.1 per cent below its January peak, the first official stock-market correction since 2016.

US stocks plunged last week to the biggest weekly loss since 2011, and the major indexes entered official correction territory in a market meltdown that looks set to continue this week.

The 2018 stock-market correction was caused by a spike in Treasury yields triggered by the wage-

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