What Cramer is watching Thursday — hot inflation slams stocks, sends bond yields soaring

The Investing Club's October "Monthly Meeting" livestream for members is astatine noon ET. Find the nexus 15 minutes up of clip astatine the apical of the CNBC homepage. Too precocious to sell, oregon not? We'll research that question and look up to the remainder of the year.

• U.S. banal futures, successful a volatile morning, turned sharply little arsenic enslaved yields reversed and soared connected a hotter-than-expected September user ostentation reading. It followed Wednesday's study showing a bigger-than-expected summation successful shaper prices past month. Taken together, the information amusement the Federal Reserve has much enactment to bash to power inflation. The marketplace firmly expects a 4th consecutive 75-basis-point involvement complaint hike erstwhile the cardinal slope meets adjacent month.
• The Social Security cost-of-living summation will beryllium 8.7% for 2023, the highest summation successful much than 40 years. The past clip it was higher was successful 1981, erstwhile the summation was 11.2%.