Inflation data may seal fate of unloved US stock rally ...Qatar

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Inflation data may seal fate of unloved US stock rally
A rally in US stocks that has powered on despite scepticism from Wall Street faces a reality check in the coming week, as key inflation data threatens to shut the door on expectations of a dovish shift from the Federal Reserve. The S&P 500 has walked a tightrope this summer, rising 13% from its mid-June lows on hopes that the Fed will end its market-bruising rate increases sooner than anticipated. A blowout US jobs number on Friday bolstered the case for more Fed hikes but barely dented stocks — the S&P fell less than 0.2% on the day and eked out its third straight week of gains. More upside could hinge on whether investors believe the Fed is succeeding in its fight against soaring consumer

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