WALL ST RETREATS AS INVESTORS BRACE FOR INFLATION DATA

On Wednesday, Wall Street's major indexes experienced a slight decline as investors awaited the release of an important inflation reading later in the week. This reading, known as the personal consumption expenditures (PCE) price index, is considered the Federal Reserve's preferred gauge of inflation and is expected to show an increase in prices for the month of January.

Investors are closely monitoring this inflation data as it will influence their expectations regarding when the Federal Reserve may begin to cut interest rates. The anticipation of potential interest rate adjustments has contributed to market volatility in recent days, following a strong rally fueled by optimism surrounding artificial intelligence (AI) technologies in the previous week.

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