U.S. Stocks Rocked By Hot Inflation Data, Fed Hike Fears

Prospect of more aggressive Federal Reserve spooks markets.

A 3D rendering of S&P 500 stocks heading lower
(Image credit: Getty Images)

U.S. stock indexes fell on Thursday, with the Dow and the S&P 500 near two-year lows, after a bigger-than-expected rise in consumer prices last month sparked fears of another big rate hike from the Federal Reserve when it meets in November.

The headline consumer price index gained at an annual pace of 8.2% in September, compared with an estimated 8.1% rise. The reading was lower than an 8.3% increase in August.

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