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Dow Jones| Nasdaq | S&P 500 | US Stock Market Today | Live: Inflation data and Fed outlook remain key focus
Markets turned attention to the upcoming Producer Price Index data for further clues on inflation trends, following a softer Consumer Price Index reading that eased rate hike concerns. Expectations for a Federal Reserve rate increase have declined significantly, reflecting improving inflation signals. However, policymakers maintained a cautious stance, emphasizing that more data is needed before confirming a sustained decline in price pressures.