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Investors breathe relief by steady consumer price index eases inflation concerns

Source: CoinWorld
As the August CPI data meets expectations, U.S. stock index futures rose and inflation concerns eased. The S&P 500, Nasdaq and Dow futures all rose, with the Nasdaq rising 0.4% driven by optimism in technology stocks. The core inflation rate stabilized at 0.2% monthly, eased concerns about the Fed's further rate hike. Bond yields remain stable around 4.25%, reflecting a balanced market sentiment.
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