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Wall Street ends mixed as inflation data supports rate worries

By Johann M Cherian and Noel Randewich (Reuters) – Wall Street stocks ended mixed on Tuesday after U.S. consumer price data for January offered little to change expectations about the Federal Reserve’s path forward on interest rate hikes. U.S. consumer prices accelerated as Americans continued to be burdened by higher rental housing costs, suggesting that …

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Stocks, dollar make little progress, after U.S. inflation data

By Sinéad Carew (Reuters) – The S&P 500 ended Tuesday’s volatile session slightly lower while the dollar was barely higher on Tuesday after data showed U.S. consumer inflation stayed sticky in January, pushing out expectations for a Federal Reserve rate-hiking pause. While Wall Street’s equity indexes swayed between positive and negative territory during the session, …

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Bernstein, Biden’s chief economist pick, big backer of ‘worker power’

By Andrea Shalal WASHINGTON (Reuters) -U.S. President Joe Biden on Tuesday said he would nominate trusted confidante and long-time economic adviser Jared Bernstein to head the White House Council of Economic Advisers (CEA), part of a shakeup ahead of an expected 2024 campaign. Bernstein, 68, is one of three senior economists on the council and …

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Oil settles down 1%, then drops more on hint of big U.S. crude build

By Shariq Khan BENGALURU (Reuters) -Oil prices settled 1% lower on Tuesday as traders worried about mounting supplies, and prices extended losses in post-settlement trading after sources said data from the American Petroleum Institute showed a large build in U.S. crude oil and distillate inventories. Sources said the industry group reported a crude oil build …

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Dutch F-35s intercept three Russian military aircraft near Poland – Netherlands’ defence ministry

(This Feb. 13 story has been corrected to specify that NATO’s reporting name for the aircraft designated by Flanker is Su-27, not Su-28, in paragraph 5) (Reuters) – Two Dutch F-35 fighters intercepted a formation of three Russian military aircraft near Poland and escorted them out, the Netherlands’ defence ministry said in a statement late …

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Pence to fight subpoena in probe of Trump’s 2020 election denial -source

By Sarah N. Lynch and Susan Heavey (Reuters) -Republican former U.S. Vice President Mike Pence is preparing to resist a grand jury subpoena for testimony about efforts to overturn then-President Donald Trump’s 2020 reelection loss, a source familiar with his plans said on Tuesday. Pence will argue that his role as president of the Senate …

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Dollar hits six-week high vs yen; rises from two-week low after U.S. inflation data

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar hit a six-week high against the yen and recovered from a roughly two-week low against a basket of major currencies on Tuesday as data for January showing the smallest annual increase in U.S. consumer prices since October 2021 did not alter market expectations that interest rates …

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