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Dollar Weakens After Tame Inflation Report
The dollar is losing ground against its major rivals Tuesday afternoon. Today's rather tepid inflation report has investors betting that the Federal Reserve will likely only be able to hike rates three times this year. Traders were also rattled by the news that President Donald Trump plans to replace Secretary of State Rex Tillerson with CIA Director Mike Pompeo. A report released by the Labor Department on Tuesday showed consumer prices in the U.S. increased in line with economist estimates in the month of February. The Labor Department said its consumer price index rose by 0.2 percent in February after climbing by ... (full story)