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Inflation data, Bank of America penalty and Apple's new home hub

Original: Inflation data, Bank of America's penalty, Apple's new home hub and more in Morning Squawk

Markets are watching the latest inflation figures as traders assess what they mean for interest rates. Bank of America is facing a regulatory penalty, adding to pressure on the banking sector, while Apple has unveiled a new home hub device. The stories headline CNBC's Morning Squawk roundup of the key business and market news investors need to know.

Why now: Investors are focused on fresh inflation data and its implications for rate policy, alongside major corporate news.

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