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US Market falls after hot inflation print
The hot inflation report likely muddied bets around the timing of the Federal Reserve's first rate cut and sent bond yields higher, with the benchmark 10-year Treasury adding about 10 basis points to 4.29%. Februarys producer price index, a measure of wholesale inflation, advanced 0.6% last month. Excluding food and energy prices, core PPI climbed 0.3% in February.