Sean's Daily News Digest
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2 updates·since 13 Oct 2026
AI stock selloff on US inflation and rate hike fears
The story so farUS consumer prices rose 3.7% in the year to September, faster than expected, driven by higher motor fuel costs. A Fed rate hike at this month's meeting is back on the table, according to Reuters, as inflation heated up in September. Fed official Daly said rate hikes are likely needed but not urgently, according to a Reuters exclusive.
Still watching
- How will the rising inflation affect voters ahead of the midterm elections?
- How much will higher fuel costs keep pushing up US prices in the coming months?
- Will the selloff in AI and tech stocks continue after the inflation report?
- Will the Federal Reserve raise rates at its meeting this month?
How it developed
AI stock selloff on US inflation and rate hike fears
- US consumer prices rose 3.7% in the year to September, faster than expected, driven by higher motor fuel costs.
- A Fed rate hike at this month's meeting is back on the table, according to Reuters, as inflation heated up in September.
- Fed official Daly said rate hikes are likely needed but not urgently, according to a Reuters exclusive.
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