Analysis: Markets are adjusting to stubborn inflation. Election noise could spoil the calm | CNN Business

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London CNN  — 

It’s been smooth sailing for stocks in 2024. The S&P 500 has gained nearly 15% and has been on a steady upward trend for the past two months.

Treasuries have been more volatile, thrown around by the swings in inflation data, hints about future policy decisions from Federal Reserve officials and higher-for-longer interest rates. But following a

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