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Inflation Comes In Hot | Markets P.M. for September 11
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What Happened in Markets Today
Inflation continued running hot, with prices increasing 3.4% in August compared with a year earlier, in line with July’s reading. Prices excluding food and energy rose 0.3% compared with July, above analyst expectations. Traders now place the odds of a rate hike next week at 87%, up from 72% yesterday.
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