Stocks and bonds rallied after the monthly consumer price index (CPI) was reported below expectations last week. According to the U.S. Labor Department, the index rose 8.5 percent in July, noticeably lower than the 9.1 percent rate reported in June. This deceleration may have convinced some investors that the inflationary wave has “peaked.” Others though may not be so sure. So where does the deal market stand?
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