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With rates on the rise, investors fearing any signs of inflation


Traders work on the floor of the New York Stock Exchange.NYSEWith the sharp move higher in interest rates, markets have been on the lookout for inflation creeping up.So Wednesday’s December CPI report will be important even if it still shows a muted rise in the consumer price index. According to Dow Jones, economists expect an increase of 0.4% month over month, and 1.3% year over year. Core CPI, less food and energy, is expected to be up 0.1% or 1.6% year over year, versus 0.2% and 1.6% in November.The rapid move higher in bond yields since the start of the year has been …

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