WS #15901
The September US CPI came in at 3.7% year-over-year, exceeding the 3.6% consensus, while core CPI rose 0.3% month-over-month. This data has shattered hopes for imminent rate cuts, pushing the 10-year Treasury yield to 5.11% and the 30-year to 5.53%. The market reaction has been immediate and severe: the Nasdaq dropped 1.88%, the CNN Fear & Greed Index fell to 32, and the 20-year yield briefly inverted against the 30-year, signaling deep anxiety about the Federal Reserve's policy path.
US Inflation and Rate Hike Fears
The September US CPI came in at 3.7% year-over-year, exceeding the 3.6% consensus, while core CPI rose 0.3% month-over-month. This data has shattered hopes for imminent rate cuts, pushing the 10-year Treasury yield to 5.11% and the 30-year to 5.53%. The market reaction has been immediate and severe: the Nasdaq dropped 1.88%, the CNN Fear & Greed Index fell to 32, and the 20-year yield briefly inverted against the 30-year, signaling deep anxiety about the Federal Reserve's policy path.