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via finance.yahoo.comEconomy

US grocery inflation ticks higher ahead of Thanksgiving

FROM THE WIRE · FINANCE.YAHOO.COM

Americans stomached higher grocery prices ahead of the Thanksgiving holiday. October's headline inflation data came in hotter than expected, driven by some key fixings for the holiday meal. The Consumer Price Index rose 0.4% in October from the previous month, higher than the…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA CPI print above expectations lowers the odds of rate cuts and weighs on government bonds.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The CPI rose 0.4% in October, above the 0.3% economists expected.
  2. 02Grocery prices increased 0.4% month over month after being relatively flat for two months.
  3. 03Wells Fargo found that a Thanksgiving meal this year will cost slightly less than last year.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Walmart Inc.WMTStock126.27 USD+0.65%today +0.48%Neutral Costco Wholesale CorporationCOSTStock1,066.80 USD+0.25%today +0.06%Neutral Target CorporationTGTStock161.72 USD+1.21%today -1.83%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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