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US stocks dip after Trump ramps up his tariffs

U.S. stocks are falling Monday after President Donald Trump took little time to ramp up his newest tariffs, but Wall Street is remaining much more calm than it did during last year's tariff- and panic-driven swings.

Inflation rose more quickly than expected in December

A key inflation gauge accelerated in December to the fastest pace in nearly a year, showing how prices are still rising more quickly than most Americans would prefer — and faster than the Federal Reserve’s target of 2% a year.

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