Stocks fall as yields rise after hot inflation report: Live updates
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Greenback jumps; stocks, bonds dented by hot US inflation data
The dollar index, which tracks the US currency against six others, rises nearly 0.4%
- US dollar jumps 0.4% after inflation data reveals higher-than-expected rise
- Core CPI increases 0.3% month-over-month, surpassing 0.2% forecast
- Treasury yields surge as markets anticipate more aggressive Fed policy tightening
Inflation sizzled in September -- and Social Security benefits will get a boost
Consumer prices in September jumped 3.7% from a year ago. The Social Security Administration said benefits will increase next year to help keep pace with the rising cost of living.