From mint · · 1m
US Inflation Tops Forecasts, Stocks Drop
US inflation data beats expectations as Wall Street falls and dollar rallies.
In brief
US inflation data beats expectations as Wall Street falls and dollar rallies. US consumer prices rose more than forecast, pushing Wall Street stocks lower and boosting the dollar. Originally reported by mint.
US Inflation Data
US consumer prices rose 0.3% in September, exceeding economist expectations for a 0.2% increase.
Core CPI Beats Forecasts
Core consumer price index rose 2.6% annually, above forecasts for 2.5%.
Dollar Rallies
The dollar rose 0.36% against a basket of currencies to its highest since April 2025.
Wall Street Falls
Wall Street indexes dropped with the Dow down 0.37%, S&P 500 down 1.33%, and Nasdaq down 2.14%.
Federal Reserve Rate Expectations
Money markets increased bets on a Federal Reserve rate hike this month to 41% from 20%.
Market Reactions
The euro dropped 0.4% to $1.1153, while the pound fell 0.53% to $1.3182.
What to remember
US consumer prices rose more than forecast, pushing Wall Street stocks lower and boosting the dollar.
