US Inflation Accelerates to 3.7% in September; Yields Jump, Stocks Fall
The consumer price index rose 3.7% year over year in September, up from 3.4% in August and above economists’ 3.6% expectation. Treasury yields jumped and stocks turned lower.
S. stocks are lower, while Treasury yields have risen sharply, after data showed inflation picked up in September. S. 4% in August.
6% rise.