US RATE FUTURES-Gains trimmed on US CPI, housing data

(Reuters) - U.S. core consumer prices, stripped of food and energy,
rose by 0.2 percent in June, in line with expectations. Housing
starts were up 2.3 percent on the month, a shade stronger than
expected.




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US stock indexes fall on rate worry; housing shares down

(Reuters) - U.S. stocks fell on Tuesday after signs of strength in the services sector and comments from Federal Reserve Chairman Ben Bernanke all but eliminated expectations of an interest rate cut this year.

Housing-related stocks were among the biggest decliners after Bernanke said the building slowdown is likely to drag on longer than expected. Also weighing were profit warnings from home goods retailer Bed Bath & Beyond Inc. and kitchen cabinet maker American Woodmark Corp.


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