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Reuters: Stocks rally as tame CPI calms inflation fear

Started by chris, June 14, 2008, 03:41:06 AM

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chris

Stocks rally as tame CPI calms inflation fear
      


NEW YORK (Reuters) - Stocks closed higher on Friday, helped by a government report that showed underlying price pressures rose moderately in May, easing fears that inflation would force a near-term rise in interest rates.
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