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Stocks fall, dollar rallies as US inflation tops forecasts
Source: Livemint — Markets · 2 hr ago
Summary
U.S. inflation data showed the core consumer price index increased by 0.3% in September, beating expectations for a 0.2% rise, and the annual core CPI rose 2.6%, also above forecasts. The overall CPI climbed 3.7% year‑over‑year, surpassing the predicted 3.6% increase. Following the report, stock markets fell while the dollar gained strength.
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From the original report
US Labor Department data showed the core consumer price index up 0.3% in September versus economist expectations for a rise of 0.2%. On an annual basis, core CPI, which strips out food and energy prices, rose 2.6%, above forecasts for a rise of 2.5%, while the headline rate rose 3.7%, above estimates for a rise of 3.6%.
Excerpt from Livemint — Markets.
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