S&P Climbs, but Signs Elevated Inflation to Persist Keep Lid on Gains By Investing.com – Investing.com

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S&P Climbs, but Signs Elevated Inflation to Persist Keep Lid on Gains By Investing.com – Investing.com

© Reuters.

By Yasin Ebrahim

Investing.com – The S&P 500 climbed Wednesday, but data showing inflation remained elevated kept a lid on the upside just as the Federal Reserve’s September minutes signaled the central bank could taper its bond purchases as soon as next month. 

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