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Tech's Gains Gone as Inflation Worries Wane
Episode 563
Published 1 year, 7 months ago
Description
Investors remain cautious, despite good news on the inflation front. A report showed producer inflation was unexpectedly flat in February. Despite the previous month's 0.6% increase, the Producer Price Index for final demand did not rise, contrasting with the forecasted 0.3% hike. Yesterday, the CPI also showed that inflation pressure is easing. Tech is down again, despite yesterday's rebound.
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