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Sticky CPI Boosts Fed Hike Odds to 90%, Pressuring Tech and Apple

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • August annual inflation remained steady at 3.4% while core monthly CPI exceeded forecasts, pushing odds of a Federal Reserve rate hike to 90%.
  • Surging energy costs and AI-driven memory chip shortages are forcing consumer electronics price hikes, including Apple's newest hardware.
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