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Dow plummets over 400 points as inflation data dents rate cut hopes

Wall Street‘s main indexes dropped at the open on Wednesday, as a hotter-than-anticipated inflation reading added to concerns that the Federal Reserve would not cut interest rates anytime soon.

The Dow Jones Industrial Average fell 454 points, or 1.02%, to 44138.76. The S&P 500 fell 42.35 points,…

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