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  • Consumer prices unexpectedly fall; Fed decision day; Nelson Peltz takes aim at DuPont

    Yahoo Finance at Hot Stock Minute4 hrs ago

    Stocks were slightly higher ahead of the Federal Reserve’s policy decision and Fed Chair Janet Yellen’s news conference Wednesday afternoon.

    Meanwhile, more evidence this morning that inflation remains under wraps after accelerating in the second quarter.

    Consumer prices unexpectedly fell for the first time in almost 1-1/2 years in August.   The Labor Department reported that the Consumer Price Index fell 0.2% last month largely due to a big drop in energy prices, which offset an increase in food and housing costs.  Economists were expecting overall prices to be unchanged.

    The so-called core-measure, which strips out volatile food and energy costs was unchanged last month.  Economists were looking for an increase of 0.2%.

    Related: Sony warns of big loss; FedEx delivers a beat; General Mills misses estimates

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