Big banks post strong Q3 profits, but warn higher rates and inflation could bite
- On Tuesday, October 13, the dollar slipped from 18-month highs as oil prices retreated and investors shifted focus to the Federal Reserve's rate path ahead of key economic data.
- Markets are pricing in an 80% chance the Fed will stand pat this month, up from 51% a month earlier, as traders bet Middle East tensions will remain contained ahead of US midterm elections next month.
- Wednesday's Consumer Price Index for September is expected to show annual inflation accelerating to 3.6% from 3.4%, providing crucial signals about possible Fed policy tightening.
- Senior foreign exchange strategist at HSBC Daragh Maher said "one CPI release may not be enough to undo a pause narrative that senior officials have seemed keen to establish."
- Even as policymakers argue for gathering more evidence before further hikes, CME FedWatch tool data shows traders pricing in about 75 basis points of tightening by late 2027.
285 Articles
285 Articles
Wall Street tumbles as hot inflation data feeds worries about Fed rate hikes
Hotter-than-expected inflation data sent Wall Street tumbling on Wednesday, with worries about more interest rate hikes from the Federal Reserve pummeling shares of Oracle, CoreWeave and other AI stocks sensitive to higher borrowing costs. Increased bets that the Fed will have to further hike rates to tame inflation dealt a sharp blow to some of the market's biggest gainers of 2026. Oracle lost 7.3 percent, while AI-infrastructure firms CoreWeav…
October Consumer Price Index: Hotter than expected
THOUSAND PALMS, Calif. (KESQ) — October CPI reports released this morning show inflation outpacing forecasts, with readings exceeding expectations by 10 basis points in nearly every category. Month-over-month core CPI came in above the 0.2% forecast at 0.3%. Year-over-year core CPI also exceeded expectations, coming in at 2.6%, compared with a forecast of 2.5%. Month-over-month
Inflation in the US stood at 3.7 percent in September. "The inflation problem is solidifying. This is a great disappointment for the American Central Bank," says economist Jörg Krämer in conversation with Dietmar Deffner.
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