Market tanks over hot inflation report as Trump demands interest rate cut

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Market tanks over hot inflation report as Trump demands interest rate cut

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Trump's first inflation report since beginning his second term shows prices have risen more than expected. Core inflation in January rose 3 percent from a year earlier, more than analysts predictions. Stocks took a hit with the S&P 500 down around one percent as markets opened on Wednesday morning. While some economists have warned that Trump's tariffs would fuel inflation, others pointed out that many businesses put through price rises at the start of the year.
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