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Inflation Surprise! Markets Swerve Wildly as Core CPI Rises at Fastest Pace Since 1982

The Breakdown

00:00

CPI Index - The Fastest Rate of Core Inflation Since 1982

The S&P 500 was down 2.15% at the open, the Dow was down 1.75%, and NASDAQ wasdown 2.88%. The 10-year treasury yield went above 4% for the first time since 2011. Since the inception of the futures market in 1982, only one other day matches this level of carnage, October 10th, 2008. Even with all the spin in the world, this report really gave them very little to work with.

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