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Stocks Decline as Investors React to Stable U.S. Inflation; Dollar Also Dips
Global stock markets faced downward pressure on Friday, erasing early gains, while U.S. Treasury yields climbed and the dollar weakened following news of unchanged U.S. monthly inflation in May. The flat reading in the U.S. Personal Consumption Expenditures (PCE) price index for May, as reported by data, marked no change from the 0.3% increase observed…