Stocks, bonds slump as traders shift Fed rate-cut expectations to September

Markets were rattled Wednesday by a stronger-than-expected inflation report, with stocks and bonds selling off as investors questioned whether the latest data will keep the Federal Reserve from cutting interest rates at all this year.
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[mwai_chat context=”Let’s have a discussion about this article:nnMarkets were rattled Wednesday by a stronger-than-expected inflation report, with stocks and bonds selling off as investors questioned whe