BusinessPhoto: Mint MarketsUS Inflation Exceeds Forecasts, Stocks Fall, Dollar Rallies
US consumer prices rose more than expected in September, with the core CPI up 0.3% versus the forecasted 0.2%, and an annual increase of 2.6% above the 2.5% forecast. The headline inflation rate rose 3.7%, exceeding the 3.6% estimate. This data led to a rise in the dollar to its highest since April 2025 and a drop in Wall Street stocks, reinforcing expectations of a Federal Reserve interest rate hike soon.
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