▸ US stocks fall after survey suggests consumers are nervous on inflation▸ Dollar declines against peers and yield on two-year Treasuries rises slightly▸ Fed’s September interest rate decision remains ‘finely balanced’, say analystsUS stocks slipped from record highs as a closely watched survey suggested that consumers in the world's biggest economy are growing increasingly nervous about inflation.The blue-chip S&P 500 and the techheavy Nasdaq Composite fell 0.2 per cent and 0.5 per cent respectively yesterday, after the University of Michigan's consumer sentiment index declined for the first time in four months. Consumers' year-ahead inflation expectations rose from 4.5 per cent to 4.9 per cent.On Thursday, separate data showed that US wholesale prices jumped 3.3 per cent in July — far above June's 2.4 per cent annual gain and the 2.5 per cent rise expected by economists — in the latest sign that President Donald Trump's extensive tariffs are seeping through to the American economy.
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