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Wall St ends lower as hot inflation data, Fed comments heighten rate worries

Wall St ends lower as hot inflation data, Fed comments heighten rate worries

By Chuck Mikolajczak and Niket Nishant NEW YORK, Nov 10 (Reuters) - US stocks closed lower on Tuesday, as a hotter-than-expected inflation reading hardened expectations for a rate hike from the Federal Reserve next month and fueled concerns the central bank may be more aggressive in raising rates.

Fed officials open door to a half-point hike after inflation beats expectations

Fed officials open door to a half-point hike after inflation beats expectations

By Howard Schneider WASHINGTON, Nov 10 (Reuters) - Odds the US Federal Reserve may raise interest rates half a percentage point at its December meeting jumped on Tuesday after new data showed prices rising faster than expected and policymakers opened the door to a quicker pace of rate hikes.

Chicago Federal Reserve President Austan Goolsbee Calls October Inflation Report 'Borderline Disturbing'

Chicago Federal Reserve President Austan Goolsbee Calls October Inflation Report 'Borderline Disturbing'

Chicago Federal Reserve President Austan Goolsbee described the October inflation data as 'borderline disturbing' and 'distressing.' The consumer price index (CPI) rose 0.4% on a seasonally adjusted basis in October, exceeding economists' predictions and marking the third consecutive month of higher-than-expected price increases. Goolsbee expressed concern that drivers of prices, such as tariffs, have not faded as hoped, and highlighted continuously high inflation in services as particularly troubling. He noted that lofty prices are a top concern for businesses, non-profits, and ordinary consumers alike. This report comes at a critical time for the Federal Reserve as it deliberates its next interest rate moves.

Dollar advances as markets price in December Fed rate hike

Dollar advances as markets price in December Fed rate hike

By Chibuike Oguh and Shashwat Chauhan NEW YORK, Nov 11 (Reuters) - The dollar strengthened against major currencies on Wednesday, buoyed by growing expectations that the Federal Reserve will raise interest rates after hot US inflation data and hawkish remarks from policymakers.

Fed officials open door to a quicker round of rate hikes as inflation worsens

Fed officials open door to a quicker round of rate hikes as inflation worsens

By Howard Schneider and Ann Saphir WASHINGTON, Nov 10 (Reuters) - The odds that the Federal Reserve may raise interest rates by half a percentage point next month jumped on Tuesday after US data showed prices rising faster than expected in October and policymakers opened the door to a quicker pace

Kansas City Federal Reserve President Jeff Schmid Calls for Tighter Monetary Policy Amid Inflation Concerns

Kansas City Federal Reserve President Jeff Schmid Calls for Tighter Monetary Policy Amid Inflation Concerns

Kansas City Federal Reserve President Jeff Schmid Calls for Tighter Monetary Policy Amid Inflation Concerns

Stocks gain as CoreWeave reignites AI trade

Stocks gain as CoreWeave reignites AI trade

By Danilo Masoni and Stella Qiu MILAN/SYDNEY, Nov 11 (Reuters) - Stocks rose on Wednesday as investors looked past mounting expectations of further Federal Reserve interest rate rises and focused on a renewed wave of AI optimism after strong results from AI infrastructure firm CoreWeave.

Wall St retreats as hot inflation data, Fed comments fuel rate worries

Wall St retreats as hot inflation data, Fed comments fuel rate worries

By Chuck Mikolajczak and Niket Nishant NEW YORK, Nov 10 (Reuters) - US stocks stumbled on Tuesday, as a hotter-than-expected inflation reading cemented expectations for a rate hike from the Federal Reserve next month and fueled concerns the central bank may be more aggressive in raising rates.

Bonds reel as hot inflation fuels jumbo Fed hike fears

Bonds reel as hot inflation fuels jumbo Fed hike fears

By Stella Qiu SYDNEY, Nov 11 (Reuters) - Global bonds tumbled and the dollar stayed firm after a hot US inflation print and hawkish central bank rhetoric raised the risk of an outsized half-point rate hike from the Federal Reserve next month, though stocks remained resilient.

Fed officials open door to a half-percentage-point rate hike as inflation worsens

Fed officials open door to a half-percentage-point rate hike as inflation worsens

By Howard Schneider WASHINGTON, Nov 10 (Reuters) - The odds that the Federal Reserve may raise interest rates by half a percentage point next month jumped on Tuesday after US data showed prices rising faster than expected in October and policymakers opened the door to a quicker pace of rate hikes.

As higher prices seep into broader economy, Fed officials consider faster hikes

As higher prices seep into broader economy, Fed officials consider faster hikes

More evidence this week of hot inflation in the U.S. was unpleasant news for the Federal Reserve, not to mention consumers: Rising prices may be spreading beyond the one-time shocks from tariffs and high gas prices into the wider economy, meaning that mortgages, credit cards and other forms of borrowing are likely to become increasingly expensive

Trading Day: Broad rebound rally lifts all boats but Nvidia

Trading Day: Broad rebound rally lifts all boats but Nvidia

Nov 9 - Wall Street stocks followed their European counterparts higher on Monday, in a robust tech-driven rebound dominated by chips. Easing crude prices soothed inflation fears and boosted risk appetite.