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Inflation is cooling, and Wall Street loves it
Stocks surged Tuesday morning after the US government reported that wholesale prices rose at a far less dramatic rate than expected. That news come just a few days after another report showed that the pace of consumer price increases was also slowing. The Dow was up 250 points, or 0.7%, in late morning trading. The S&P 500 and Nasdaq rose 1.3% and 2% as well.…