Consumer costs down amid concerns about mortgage interest rates — consumer summary

Retailers and other consumer goods companies fell on fears that hawkish statements from the US Federal Reserve would further push up mortgage rates.

One potential fuel for the hawkish stance is the surge in job openings from the previous month to September. This suggests that demand for labor is still far outstripping supply, a situation that could spur inflation.

Victoria’s Secret has agreed to acquire online lingerie retailer AdoreMe, adding a brand known for comprehensive sizing and body positivity.

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