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via insidermonkey.comEconomy

October consumer prices rise 0.4%, above expectations

FROM THE WIRE · INSIDERMONKEY.COM

October consumer prices rose 0.4%, the third straight monthly gain of at least 0.4%, according to data reported by Reuters. Economists polled by the outlet had expected 0.3%.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishInflation above expectations can weigh on rate-cut hopes and bond markets.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01October consumer prices rose 0.4%.
  2. 02It is the third straight monthly gain of at least 0.4%.
  3. 03Economists polled by Reuters had expected a 0.3% rise.

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