Wall Street started 2024 on a high, with the Dow and S&P 500 hitting fresh highs. However, the rally came to a sudden halt on Feb 12 as fresh inflation data dented investors’ confidence and dimmed hopes of a rate cut in March.The Labor Department reported that inflation rose more than expected in January and remained stubbornly high.The consumer price index (CPI) jumped 0.3% in January on a month-over-month basis, higher than the consensus estimate of 0.2%. On a year-over-year basis, CPI increased 3.1% in J ...