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Published
US consumer prices rose 0.6% in September, taking annual inflation to 3.7%, above the 3.6% forecast.
Wall Street fell on the report, with the Nasdaq Composite down about 1.9% and the S&P 500 down about 1.1%.
Traders raised their bets on a Federal Reserve rate rise at its October meeting.
AI and machine learning
Anthropic opens a Singapore office and signs a government agreement
Anthropic said on 14 October that it is opening an office in Singapore and has signed a memorandum of understanding with the Government of Singapore.
AnthropicMarkets
Tech leads US stocks lower after hot inflation report
The Nasdaq Composite fell about 1.9% to 26,692.87 on Wednesday and the S&P 500 lost about 1.1%, as the inflation data revived expectations of another Fed rate rise.
Xinhua · Investing.comEconomy
US inflation reaches 3.7% as September prices jump 0.6%
Consumer prices rose 0.6% in September and 3.7% over 12 months, against a forecast of 3.6%, according to Reuters and Xinhua. Rate-hike odds for the Fed’s October meeting rose.
Reuters via Investing.com · Xinhua · Schwab