S&P 500 Hit by Fed-Pivot Rethink and War Jitters: Markets Wrap

(Bloomberg) — Wall Street traders sent stocks and bonds sliding after another hot inflation report signaled the Federal Reserve will be in no rush to cut rates this year. Oil climbed as geopolitical jitters resurfaced. Equities extended their April losses, with the S&P 500 down about 1% as the consumer price index beat forecasts for…

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