Bullet points of Here's why the stock market is throwing a tantrum about new inflation data
- Core inflation rose unexpectedly, rising 0.3% for the month, ahead of the estimated 0.2% increase.
- Investors are freaking out over the upside surprise, making a 50 basis-point rate cut less likely.
- Markets see an 83% chance the Fed will cut rates just 25 basis points next week, up from 56% odds priced in a week ago.
- Housing costs were the main factor that pushed inflation higher, with shelter inflation rising another 0.5% in August.
finance.yahoo.com / Yahoo! Finance by Layer3.news
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2024-09-15 09:44:10
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