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Soaring energy costs led to the biggest monthly increase in the Consumer Price Index since the peak of the post-pandemic inflation crisis in June 2022.
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S&P 500 slips Friday, but index posts best week since November after fragile Iran ceasefire deal: Live updates CNBCView Full Coverage on Google News
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The S&P 500 rose 3.6 percent, its biggest weekly gain since last year. Investors are bracing for developments in peace talks between the United States and Iran, set for the weekend.
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