- US stocks climbed higher on Wednesday as traders took in good June inflation data.
- Consumer prices rose just 3% year over year, the lowest rate in two years.
- Traders are hoping cooler inflation will soon bring an end to Fed rate hikes, which have weighed on stocks.
Stocks climbed on Wednesday as traders hoped that cooling inflation will put an end to the Federal Reserve’s rate hikes soon.
The June consumer price index was up 3% year over year, coming in better than Wall Street forecasts and marking the lowest rate in two years.
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