Stocks looked set to end the quarter on a positive note, after a stormy three months in which markets have been whipsawed by strains in the banking system as well as shifting outlooks for inflation and interest rates.
Government data early Friday showed the Federal Reserve’s preferred measure of inflation, known as the core personal-consumption expenditures price index, slowed in February, lifting hopes the central bank could limit its campaign to curb inflation sooner than originally expected.
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