NEW YORK, United States — Stock markets fell Friday, with Wall Street indexes retreating from record highs. This happened as a key US inflation reading accelerated, lowering the possibility of sustained interest rate cuts in the coming months. Investors widely expect a cut next month to bolster the world’s largest economy. This was after Federal Reserve chief Jerome Powell signaled last week the risks of labor market weakness. But the personal consumption expenditures (PCE) price index held steady at 2.6 percent in July, above the Fed’s two-percent target. The core reading that strips out food and energy accelerated slightly to 2.9 […]... Keep on reading: Stock markets slide as US inflation clouds rates outlook