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via finance.yahoo.comEconomy

October CPI sparks December Fed hike fears as yields surge and tech stocks slide

FROM THE WIRE · FINANCE.YAHOO.COM

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA hot CPI that strengthens the December Fed hike case weighs on tech stocks and bonds.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Headline CPI rose 0.4% and core rose 0.3%, both above forecasts.
  2. 02Core has printed 0.3% for three months in a row.
  3. 03Bloomberg Economics sees a December increase as its new baseline.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
NVIDIA CorporationNVDAStock168.80 USDMarket closedtoday -5.53%Negative S&P 500INDEX:SP500Index7,521.26Market closedtoday -0.38%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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