The CPI test
Show notes
Investors await September inflation data that could show prices rising at nearly twice the Fed's target, testing whether policymakers can hold off on further rate hikes. Plus China's exports surge again, putting the country on course for another trillion-dollar trade surplus this year. And Wall Street's biggest banks reveal how rising bond yields are affecting their business.
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Today's recommended read: Why governments might secretly wish for an AI stumble, by Mike Dolan
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