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US markets today: Wall Street holds near record highs ahead of inflation data; Federal Reserve cautious on rate cuts as stagflation fears rise
US stocks remained near record highs as investors awaited crucial inflation data. Economists anticipate a slight increase in July's consumer price index, driven by rising costs of groceries and fuel. Concerns about stagflation persist, with the Fed divided on interest rate cuts. Micron Technology and AMC Entertainment saw gains, while C3.ai experienced a significant drop.
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