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Wall Street mixed as CPI data boosts December rate hike odds


By Sruthi Shankar(Reuters) - Wall Street was mixed in early afternoon on Thursday after a Labor Department report showed consumer prices rose more than expected in August, boosting the odds of a third interest rate hike this year.The S&P and Nasdaq came under pressure due to an Amazon-led decline in consumer discretionary shares and an Apple-led drop in technology stocks, while a jump in Boeing propped up the Dow.The firming in inflation, along with a weekly jobless claims report that showed the labor market stays near full employment, could cause the Federal Reserve to consider raising rates ...

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First Published: Thu, September 14 2017. 23:02 IST