The S&P 500 advances, but gains are modest amid market caution ahead of the June U.S. CPI report, which could help guide the Federal Reserve's next steps in terms of monetary tightening.
<p>More from RBAs Lowe:</p><ul><li>Rates are restrictive</li><li>We are in the calibrating stage with policy.</li><li>Worst is over for inflation. In re
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