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Wall Street slips as oil and yields stoke inflation fears
Original: Wall St slips as climbing oil, yields amplify inflation fears
US stocks edged lower as rising oil prices and climbing Treasury yields intensified concerns that inflation could prove persistent, keeping pressure on the Federal Reserve's policy outlook. Energy costs moving higher alongside bond yields have left investors wary, with Wall Street slipping as traders reassess how long higher borrowing costs and elevated prices may last.
Why now: Rising oil prices and Treasury yields are renewing inflation worries and unsettling equity markets.
Wall StreetFederal ReserveReuters
Evidence
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