U.S. stocks, bonds fall as CPI boosts Fed-hike wagers

📆 10/12/2023 2:43 PM
📰 BNNBloomberg

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Stocks fell and Treasury yields rose as data bolstered speculation the Federal Reserve is nowhere near declaring victory over inflation — with bets on another hike this year climbing.

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Stocks slide, bond market sees big movements on CPI printStocks are sliding while bond yields rise, most likely a reaction to CPI data showing headline inflation remained sticky for the month of September. The bond...
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