Wall Street cheers lower inflation, but a new risk has investors on edge

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The Street

By Martin Baccardax U.S. stocks have powered firmly higher from their late-October lows this week, helped in part by fading inflation prospects that have triggered a pullback in Treasury bond yields while erasing bets on a final Fed rate hike over the coming months. Markets, in fact, are counting on the Fed to start cutting rates as early as next Spring, with the CME Group’s FedWatch indicating a nearly 50% chance of a quarter point reduction at the Fed’s May policy meeting, with more cuts to follow into the back-half of 2024. Walmart (WMT) – Get Free Report CEO Doug McMillon added to the tepi…

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