Another decline in the Fed's preferred inflation gauge, alongside Chairman Jerome Powell's recent dovish tilt, has stocks ending mixed Thursday.

Further slowing in the Fed's preferred inflation gauge is adding heft to Chairman Jerome Powell's signals of smaller rate hikes.

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Stocks finished sharply higher Wednesday after Fed Chair Jerome Powell hinted at smaller near-term rate hikes as the central bank tracks a 'highly uncertain' inflation path.

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Further slowing in the Fed's preferred inflation gauge is adding heft to Chairman Jerome Powell's signals of smaller rate hikes.

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