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Today’s hotter-than-expected US CPI inflation print initially pushed US yields higher and increased the market probability of an October rate hike by the Federal Reserve—both of which have moderated during the trading session. In terms of specifics, headline inflation rose 0.6% in September, lifting the annual rate from 3.4% in August to 3.7%. The core inflation measures came in at 0.3% and 2.6%, respectively. #economy #markets #inflation