U.S. inflation, jobless claims top expectations, sending stocks lower

Federal Reserve seen remaining on track for smaller rate cut in November

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Investors are looking at consumer price and jobs data for indications on the health of the U.S. economy and the path for interest rates. © Reuters

(Reuters) -- Wall Street's main indexes closed lower on Thursday as investors looked to higher-than-expected inflation and unemployment claims for indications on the health of the U.S. economy and the path for interest rates.

The closely watched consumer price index rose 0.2% on a monthly basis in September and 2.4% on an annual basis, with both figures being slightly higher than estimated by economists polled by Reuters.

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