Dow jumps 489 points and bond yields plunge as CPI report suggests 'inflation fever has broken'

Dow jumps 489 points and bond yields plunge as CPI report suggests 'inflation fever has broken'

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Traders work on the floor of the New York Stock Exchange (NYSE) on March 28, 2023 in New York City. Spencer Platt/Getty Images US stocks saw an impressive rally as the latest CPI data surprised investors with an inflation slowdown. Markets are betting that this is enough to stop Fed interest hike…

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