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Mike Shedlock, Author / Blogger at MishTalk, stated that CPI inflation has come in hotter than expected for the third consecutive month. He added that this trend increases the likelihood of a December Fed rate hike.
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Shedlock recently noted that U.S. Treasury yields collapsed over a two-week period, raising questions about the causes beyond inflation and oil prices. He also commented on Intel’s stock dropping sharply after a weak forecast. These previous assessments add further context to his current views on inflation and Federal Reserve policy.