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- US stocks rose on Wednesday as traders took in the latest inflation data.
- Producer prices rose 0.5% last month, slightly higher than the expected 0.3% increase.
- Investors are also waiting on the September CPI report set to publish tomorrow morning.
US stocks jumped on Wednesday as traders cheered the latest inflation data and waited for the release of the Fed minutes, which will give markets more guidance on what central bankers are thinking for their next interest rate move.
All three benchmark indexes moved higher on Wednesday. Meanwhile, the yield on the 10-year Treasury continued to ease slightly, trading around 4.5%.