US inflation is heating up across the board, markets ramp up expectations of the Federal Reserve's interest rate hikes.

Driven by a rebound in fuel prices amid the Iran-related conflict, the U.S. unadjusted annual CPI rose to 3.7% in September, further intensifying cost-of-living pressures on American households as the November midterm elections approach. The unadjusted core CPI annual rate climbed to 2.6% from 2.4% in August.

After the data release, U.S. Treasury yields jumped, international gold and silver prices plunged, the U.S. dollar index strengthened, and markets increased bets on three more Federal Rese

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