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  • 2 days ago
US inflation reached 3.7% in September as energy prices surged. The hotter-than-expected report pressured stock futures and increased expectations of another Federal Reserve rate hike.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:30While shelter costs increased 0.4%, and used vehicle prices climbed 0.7% for the month.
00:36Stock futures turned negative following the report as bond yields climbed.
00:40Traders raised the probability of another Federal Reserve interest rate hike in October to 54%,
00:46with odds of an increase by year-end exceeding 96%.
00:49The report follows the Fed's September rate hike, its first in more than three years.
00:54For all things money, visit Benzinga.com.

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