US stocks: US market falls as hot inflation, hawkish Fed fuel rate-hike fears
US stocks closed lower on Tuesday after hotter-than-expected inflation data strengthened expectations of a Federal Reserve rate increase in December and raised concerns that policymakers could tighten monetary…
Attributed summary
US stocks closed lower on Tuesday after hotter-than-expected inflation data strengthened expectations of a Federal Reserve rate increase in December and raised concerns that policymakers could tighten monetary policy more aggressively, Reuters reported.The Labor Department said the Consumer Price Index rose 0.4% in October, exceeding the 0.3% increase forecast by economists polled by Reuters. It marked the third consecutive monthly gain of at least 0.4%, following a 0.6% rise in…
Storywire publishes attributed summaries for discoverability. Full reporting remains with the original publisher — we do not republish restricted full text.
