US stocks are whipsawed around US CPI, benchmarks firmly back in the green

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US stocks are whipsawed around US CPI, benchmarks firmly back in the green – by fx_ross Equities CPI YieldCurve Fed

Bulls have stepped in at a bargain on Wall Street.

The report follows data on Wednesday that showed US producer prices increased more than expected in September and combined with CPI, traders in the money markets are pricing in a near 91% odds of a fourth straight 75-basis-point hike by the Fed at its meeting next month, with some also pricing in a 9% chance of a 100 bps rise.

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