Markets
Treasuries sank and traders solidified their bets that Federal Reserve officials will raise interest rates when they next meet in December after evidence of persistently hot US inflation.
Changes in rates or inflation can affect borrowing costs, household spending and company margins.
Compare the release with prior data and the central bank’s published decision.
US equity futures dropped after hotter-than-expected inflation data released on Tuesday bolstered the case for an interest rate hike by the Federal Reserve in December.
Read original reporting ↗Treasuries sank and traders solidified their bets that Federal Reserve officials will raise interest rates when they next meet in December after evidence of persistently hot US inflation.
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