US inflation data came in hotter than expected, while Morgan Stanley's equities trading unit beat forecasts.
01Summary
- 01The September CPI report was hotter than expected.
- 02Morgan Stanley's equities trading business performed better than analysts had forecast.
- 03The story is framed as Jim Cramer's top 10 things to watch in the stock market on Wednesday.
- 04No further details were provided in the supplied text.
02Why it matters
A hotter inflation reading can affect market expectations for interest rates and share prices. Strong trading results from Morgan Stanley also matter because they point to how big banks are faring in current market conditions.
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