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Wall Street rebounds on Fed bets but set for weekly loss


By Sinead Carew(Reuters) - The three major U.S. stocks indexes were on track to snap a three-day losing streak on Friday, as investors bet that tepid inflation data would stunt U.S. rate hikes, even as the United States and North Korea stepped up an aggressive war of words. Weaker-than-expected July consumer price data pointed to benign inflation that could cause the Federal Reserve to hold off from raising rates again this year.This gave investors some hope at the end of a jittery week, which could show the S&P's biggest weekly loss in more than four months, primarily due to a continuous ...

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First Published: Sat, August 12 2017. 00:46 IST