Global Market: Bonds plunge, stocks surge on spike in U.S. CPI data
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3 months ago

Global Market: Bonds plunge, stocks surge on spike in U.S. CPI data

NEW YORK (Reuters) - Treasury prices plunged on Wednesday after a spike in U.S. consumer prices in January raised expectations the Federal Reserve may quicken the pace of interest rate hikes, while global stocks rallied as investors took inflation in strid

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