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Posted by
Two Blokes Jun 27 -
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General
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#TwoBlokesTrading
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The stock market records came despite a worse-than-expected inflation report out earlier Friday revealing prices rose 2.7% in May on an annual basis, far higher than the Federal Reserve's 2% target. That further muddies arguments for near-term interest rate cuts, which would help boost stock valuations as corporate profit margins would benefit from less expensive borrowing costs.
