Markets stumble following stubbornly high US inflation results

S&P 500 futures crashed following the announcement, falling 3.4% in the space of five minutes. Meanwhile, US bonds yields have shot up, with ten-year US Treasury Note yields breaking 4% for the first time since 2008. Two-year yields sit at 4.5% at time of writing, the highest since before the global financial crisis. The US Bureau of Labor Statistics reported that the Consumer Price Index saw a monthly rise of 0.4% in September, compared to 0.2% growth in August. Increases in shelter, food and medical care prices were the largest contributor to the inflationary pressure. Shelter pr...