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Issuers forced to adjust as CPI rockets past consensus

Powell

When US Consumer Price Index data shot past consensus forecasts of 3.5% to hit 4.2% this week, even hardened inflation sceptics were forced to re-evaluate their positions. The data caused sharp ructions in rates markets and equity portfolios, write Sam Kerr and Lewis McLellan, as investors caught such a dose of the jitters that issuers will have to reconsider their primary capital market plans.

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