Wall Street falls after inflation, jobless claims data

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Wall Street falls after inflation, jobless claims data

Wall Street falls after inflation, jobless claims data

Wall Street has opened lower as hotter-than-expected September inflation data reinforced expectations of a 25-basis-point rate hike by the Federal Reserve at its upcoming meeting.

The closely watched Consumer Price Index rose 0.2 per cent on a monthly basis and 2.4 per cent on an annual basis, with both figures being slightly higher than estimated by economists Reuters polled.

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