Stocks Fall and Dollar Rallies on US Inflation Data
Wall Street stocks declined and the dollar strengthened after consumer prices rose more than expected last month. The hotter inflation data reinforced market expectations that the Federal Reserve may raise interest rates soon.
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United States equities fell and the dollar rallied on Wednesday after inflation figures topped forecasts, reinforcing expectations of monetary tightening. Core consumer prices rose 0.3% in September, exceeding estimates for a 0.2% increase.
