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S&P 500 Gains as Core Inflation Eases Despite Rising Rate Hike Odds

Benzinga Read original source (opens in a new tab)
The Story

News Summary

  • U.S.
  • annual inflation held steady at 3.4% in August, matching estimates, while core CPI cooled to 2.4% year-over-year.
  • Despite a slight beat in monthly core inflation and rising Fed hike bets, equity markets absorbed the print and extended gains as yields retreated.
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104.61 +64.07% over the displayed period

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