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The U.S. stock game traded down with regard to second straight day on Wednesday over new concerns about the rate of inflation, according to Bloomberg and other news sources.

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"Inflation causes reduced consumer spending, it squeezes income. The market has been making new levels. It can't go up forever," John Kornitzer of Kornitzer Capital Management in Shawnee Mission, Kansas, told Bloomberg.

"It's a very number, having said that is a revision generally there is thoughts that just shows an item that happened inside past," Peter Cardillo, chief market economist at Avalon Partners, told MarketWatch.

I think consumer spending has rebounded a little faster than what I concern. People are more optimistic and cautiously spending. Still, it's destined to be a long and slow period of grinding therapeutic.

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