News
U.S. CPI Report Shows Higher Inflation
The U.S. Consumer Price Index (CPI) report for September showed headline inflation at 0.6% month-over-month and 3.7% year-over-year, with core inflation at 0.3% month-over-month and 2.6% year-over-year. Key drivers included a 9.1% increase in gasoline prices and a 0.4% rise in shelter costs. The report raised concerns about the Federal Reserve's policy outlook and growth stock performance, leading to a market reaction with the Nasdaq-100 Futures down approximately 0.6% and the U.S. 10-Year Treasury Yield rising to approximately 5.29%. Key stocks to watch include NVIDIA (NVDA), Tesla (TSLA), and the Nasdaq-100 ETF (QQQ).