Growth led Wednesday's market retreat, despite Tesla's bounce and Rivian's IPO debut. Affirm spiked late. Read More...
Reuters
Surging gasoline, food prices fan U.S. inflation; labor market tightening
U.S. consumer prices accelerated in October as Americans paid more for gasoline and food, leading to the biggest annual gain in 31 years, more signs that inflation could stay uncomfortably high well into 2022 amid snarled global supply chains. Inflation pressures are also brewing in the labor market, where an acute shortage of workers is driving wages higher. The number of Americans filing claims for unemployment benefits fell to a 20-month low last week, other data showed on Wednesday.
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