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Consumer and wholesale inflation data key to market direction
Published Sun, Feb 11, 2018 · 09:50 PM
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-inflation data on Friday, Feb 2.
That raises the stakes on this week's consumer and wholesale inflation data to fever pitch.
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