● US INFLATION ACCELERATES TO 3.7% ON GASOLINE SPIKE

US annual inflation accelerated to 3.7% in September, up from 3.4% in August, the Bureau of Labor Statistics reported Wednesday. The acceleration was driven largely by gasoline, which jumped 9.1% during the month and accounted for more than half of the overall price increase, the agency said. The report lands just two weeks before the Fed's next policy meeting, and bond traders responded by paring bets on further interest rate cuts. Treasury yields rose on the release, pressuring rate-sensitive assets like $TLT.