CPI

Hot Inflation Report Triggers Wall Street Selloff as Fed Rate Hike Bets Surge

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hot CPI inflation report triggers Wall Street selloff as Nasdaq and AI stocks tumble

Wednesday’s hot CPI inflation report landed like a slap. September prices rose 3.7% from a year earlier — hotter than August’s 3.4%, hotter than the 3.6% economists were expecting — and Wall Street didn’t take it well. The Nasdaq sank 1.88%, the S&P 500 gave up 1.11%, and a handful of high-flying AI stocks got … Read more

Hot September CPI Sends Dow Lower as Traders Bet on Another Fed Rate Hike

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CPI inflation report — September CPI data sparks Fed rate hike bets as stocks slide

Wall Street got the CPI inflation report it didn’t want on Wednesday. Core inflation printed 2.6% for September — just a tenth of a point above the 2.5% economists polled by Reuters had expected, but enough to flip the interest-rate script. Stocks opened lower across the board, bond yields jumped, and traders started pricing in … Read more