Inflation Hits 3.7%, Markets Sink, and BofA Eats an 8% Hit
September CPI jumps to 3.7% on a 9.1% gasoline spike, slamming stocks and sending bond yields higher as rate-hike odds surge. Plus: Fed officials worry Americans are accepting high inflation as the new normal, and Bank of America shares drop 8% on a revenue miss and a historic regulatory fine. In this episode: • U.S. inflation accelerates to 3.7% in September, driven by soaring energy prices — https://apnews.com/article/cpi-inflation-consumer-prices-affordability-3985019a54c82421e6112fb57baba048 • Stocks slide and bond yields jump as hotter CPI fuels rate-hike bets —…
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