- US Treasuries slumped after hotter-than-expected September inflation data.
- Traders added to wagers that Federal Reserve officials will raise interest rates later this month and next year.
- David Rosenberg of Rosenberg Research and Jim Bianco of Bianco Research reacted to the September CPI report.
Quotes
“hotter-than-expected inflation prompted traders to add to wagers that Federal Reserve officials will raise interest rates later this month and next year”