Morning Bid: Disinflation, rotation and a bruised dollar By Reuters - Investing.com
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The U.S. inflation report showed a surprising drop, leading to a violent rotation from Big Tech into small cap stocks, a plunge in U.S. borrowing rates and the dollar, and a spike in the Japanese yen. The report was seen as encouraging by Fed officials, who believe the central bank can start cutting interest rates later this year.
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