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Stock Selloff Extends to Asia as Chip Rout Deepens: Markets Wrap
Gold Holds Loss as Hot Inflation Lifts October Rate-Hike Bets
TSMC Anticipates Record Q3 Profit Driven by AI Demand
India's NIIF Eyes $800M Data Center Investment
Kohl’s Takes Its AI Gift Finder Into the Holiday Quarter
Law Firm Freshfields Weighs Billion-Dollar Spinoff for AI Unit
Fed Finds Consumer Spending Holding as Confidence Slips
Nvidia-Backed AI Drugmaker Iambic Raises $150 Million in US IPO
NatWest Partners with Nvidia to Enhance AI Spending Tool's Accent Recognition
Latest Oil Market News and Analysis for Oct. 15
JPMorgan Chase Restricts External AI Access to Customer Accounts
US Inflation Rate Rises to 3.7% in September Amid Narrowing Price Pressures
YouTube is Looking to Expand Into Audiobooks
GLP-1 Drugs Cut Schizophrenia Hospital Visits, Study Finds
Tata battle has potential to reshape India Inc
One in 6 UK disability benefit claimants should not receive cash, says think-tank
Top UK law firms pull away from smaller rivals in race for profits
Susan Collins Wasn’t the Check on Trump That Was Needed, Says Poersch
Bank Stocks Decline Despite Strong Earnings Reports
ASML Reports Record Q3 Sales but Warns of Supply Shortages in 2027 and 2028
Anthropic’s Q3 revenue surges 45% to nearly $17 billion
Woman Admits Trying to Scam Wes Edens for $1.2 Billion
Anthropic Reports Significant Revenue Growth in Q3 2026
Mexico to require digital platforms to shield minors from harmful content
Huel CEO on Danone Deal and Expansion to US Retail
Loop Capital CEO on Expanding Athlete Wealth Platform
Asian Stocks to Fall as Hot CPI Sparks US Selloff: Markets Wrap
Anthropic revenue jumps to $16.8bn in third quarter
Rocket Lab pushes Neutron rocket’s debut flight to 2027, shares fall
S&P 500 Ends Longest Streak of Calm Since 2020 as AI Trade Sinks
Exclusive-Fed’s Daly says rate hikes likely needed, but not urgently
Woman Pleads Guilty to Trying to Scam Wes Edens
Federal Reserve President Signals Caution on Interest Rate Hikes
Dollar gains, Wall Street stocks fall after hot inflation data
Canadian Lender Cash Today Inc. Under Scrutiny as 44,000 Loans Vanish
TMGM Becomes Official Sponsor of BIGBANG's 2026–2027 World Tour in Sydney
Why is Rocket Lab stock tumbling today?
Colombia stocks higher at close of trade; COLCAP up 0.44%
Federal Reserve Faces Inflation Pressure as Diesel Costs Rise
Oil Prices Rise Amid Houthi Attacks and Iranian Tactics
Oil rises as Houthi-Saudi clashes, Iranian attacks on ships boost supply fears
Russia stocks lower at close of trade; MOEX Russia Index down 0.30%
Yemen’s Houthis vow more attacks on Saudi airports, oil facilities after Aramco HQ hit
Why Inflation Numbers Are Disappointing
Apple Closes Above the $5 Trillion Mark
Truth Social Sees Significant Decline in User Traffic
Battle Over the Pierre Ends in Defeat for the Buyer Pushed by Lutnick
OpenAI Faces Lawsuit from Eight U.S. States Over ChatGPT Safety Issues
Private Survey Reports Significant Crude Oil Inventory Draw
Trading Day: Tech melt
Volkswagen Bets on Trucks, SUVs to Crack US Market as China Profits Slide
India Seeks a Game-Changing AI Dividend. It Won’t Come Easy
Container Ship Sinks in Strait of Hormuz as Attacks Ramp Up
Bitcoin Slides as Wall Street Risk Pullback Tests Bullish Turn
Oil Gains as Middle East, Russia Hostilities Imperil Flows
Televisa’s AT&T Mexico deal boosts its challenge to America Movil
Eight US states sue OpenAI, claiming ChatGPT harms young users
Crude Oil Inventories Plunge, Surpassing Expectations
Stocks Tumble as Concerns Over Inflation and A.I. Investments Grow
US Stocks Decline Amid Inflation Concerns and Tech Sell-Off
Spot gold slips 1.5% as hot CPI report boosts Fed October rate hike expectations
U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.09%
Canada stocks lower at close of trade; S&P/TSX Composite down 1.11%
Potential Tesla-SpaceX Merger Announcement Expected by December
Fed’s Goolsbee Says Inflation Discouraging, Warns of Overheating
Australia's September Employment Data Expected to Show 20,000 Job Gains
US floats fees for Spanish ships, caps on olive oil imports over port dispute
Anthropic to add US voting information to Claude before midterms
Russell 2000 Sinks 11% From Peak, Hits Correction as Rates Rise
Citi Predicts December Rate Hike Following Higher US Inflation
Citigroup has revised its forecast, now expecting the Federal Reserve to increase interest rates by 25 basis points in December, following a stronger-than-anticipated consumer inflation report for September. Previously, Citi had projected no further rate changes for the year. The adjustment aligns with market expectations, which had already factored in a December hike, with current pricing indicating a 94% probability of such a move.
The Consumer Price Index (CPI) for September revealed a year-over-year increase to 3.7%, up from 3.4% in August and surpassing the expected 3.6%. Monthly inflation rose by 0.6%, primarily driven by rising gasoline prices. More concerning for policymakers was the core inflation rate, which excludes food and energy costs, climbing to 2.6% from 2.4%, also above the anticipated 2.5%. This suggests that inflationary pressures are broadening beyond energy sectors, raising concerns about persistent inflation.
Following the CPI release, market reactions were swift. The implied probability of a rate hike during the Fed's upcoming meeting on October 27-28 surged to approximately 47%, up from 22%, before settling around 32%. This shift indicates that the October meeting will be a significant decision point rather than a mere formality, as traders now closely monitor Fed communications leading up to the meeting and upcoming inflation data, including the September Personal Consumption Expenditures (PCE) figures.
© 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: KLEA News