Spiking yields and falling stocks: Wall Street thinks hot inflation data clinched a rate hike next month
· businessinsider.com · popularity 29/100 · 0 similar stories today · Economy & Markets (Money, Markets & Investing)
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Summary
Inflation was back in the picture on Tuesday after a hot October consumer price index report. Stocks dipped and bond yields spiked after last month's CPI data showed prices rose slower than they did in September, but still at a faster pace than forecasters expected. Data showed a 0.4% increase, above …
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