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- US stocks saw an impressive rally as the latest CPI data surprised investors with an inflation slowdown.
- Markets are betting that this is enough to stop Fed interest hike in December.
- Bond yields dropped dramatically, with the 10-year rate plummeting over 19 basis points.
US stocks shot up on Tuesday, as markets rallied around October's Consumer Price Index report, which surprised investors with softer-than-predicted inflation data.
The Dow Jones Industrial Average surged 489 points, while the S&P 500 and Nasdaq rose 1.9% and 2.4% respectively.