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- US stocks were mixed on Wednesday as traders weighted the hot August inflation report.
- Consumer prices increased 3.7% year-per-year last month, above the expected 3.6%.
- Markets now see a 41% chance that the Fed could hike rates 25 basis points in November.
US stocks traded mixed on Wednesday as traders weighed the August inflation report that came in hotter than economists expected.
Prices rose 3.7% year over year last month, slightly ahead of the estimated 3.6% clip. Meanwhile, core inflation rose 4.3%, in-line in expectations.