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 Los Angeles Times
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Los Angeles Times

2026-08-13T20:24:00.000Z

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Stocks hit high amid falling oil and easing inflation

Stocks hit high amid falling oil and easing inflation

The primary focus of the article is on the U.S. stock market's positive reaction to recent inflation data. A report showed wholesale prices increased by 4.7% annually, slightly better than expectations and lower than June's 5.5%. This development has increased the likelihood that the Federal Reserve may hold off on raising interest rates, contributing to stock market gains and falling Treasury yields.

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