Stocks Decline in Run-Up to Key Inflation Report: Markets Wrap
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Wall Street traders bracing for key inflation data waded through mixed economic figures and remarks from Federal Reserve speakers for clues on the interest-rate outlook.
Equities saw small losses after a report showed the US economy expanded at a slower rate at the end of last year as a downward revision to inventories masked stronger household spending and investment. The data — seen as “uneventful” by many investors — came just 24 hours before the release of the Fed’s favored inflation gauge.