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via finance.yahoo.comEconomy

Hot US inflation reading hardens Fed rate hike bets

FROM THE WIRE · FINANCE.YAHOO.COM

We just published a list of the Buy Alert: 10 Stocks Analysts Upgraded on Wednesday and Republic Services (NYSE:RSG) ranked 8th on this list. October consumer prices rose 0.4%, the third straight monthly gain of at least 0.4%, according to data reported by Reuters. Economists…

Read at the source ↗
MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA core CPI above forecast raises odds of further Fed hikes, weighing on equities.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01October consumer prices rose 0.4%, versus 0.3% expected.
  2. 02Core CPI rose 0.3% against a 0.2% forecast.
  3. 03Governor Waller said a 50-basis-point hike should be considered.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
S&P 500INDEX:SP500Index7,560.97Market closedtoday -0.41%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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