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BREAKING LIVEvia seekingalpha.comEconomy

Inflation continues to crush most of the K-shaped economy

FROM THE WIRE · SEEKINGALPHA.COM

Inflation is squeezing the bottom 80% of the K-shaped economy as October CPI rose 0.4% and markets priced a 90% chance of a December Fed rate hike.

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishRising CPI and a priced-in chance of a December Fed hike weigh on equities and support bond yields.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01October CPI rose 0.4%.
  2. 02Markets price a 90% chance of a December Fed rate hike.
  3. 03Inflation is squeezing the bottom 80% of the K-shaped economy.

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