Wall Street Waits on Nvidia and Inflation
Wall Street indexes dipped as a hotter inflation reading raised Federal Reserve policy questions. Investors also remained on the sidelines ahead of Nvidia earnings.
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Wall Street indexes fell Wednesday midday after annual United States inflation rose 3.7% in July, exceeding forecasts. The hotter inflation reading dampened market sentiment as investors awaited quarterly earnings from NVIDIA CORP. Traders priced in a 38.1% probability of an interest rate hike at the September policy meeting.
