U.S. consumer prices leaped 0.6% in August --- the biggest increase in 14 months -- largely because of higher oil prices. Yet Inflation more broadly was mild.
The numbers: U.S. consumer prices leaped 0.6% in August — the biggest increase in 14 months — largely because of higher oil prices.
If energy and food are set aside, so-called core inflation rose a smaller 0.3% in August, the consumer price index showed. That was a tick above Wall Street expectations, however. Market reaction: The Dow Jones Industrial Average DJIA, -0.05% and S&P 500 SPX, -0.57% were set to open lower in Wednesday trades. The yield on the 10-year Treasury note TMUBMUSD10Y, 4.305% rose to 4.30% because of the elevated core CPI reading.
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