US inflation accelerated to 3.7% in September, triggering a sharp technology selloff and reviving speculation about another Federal Reserve rate hike. Here is what the CPI report showed, why the Nasdaq fell and what investors are watching next.

Updated 15 Oct 202611 min read

the Federal Reserve’s first interest-rate increase since 2023 and the resulting political debate over monetary policy

BusinessMarkets

Fed Raises Rates for First Time Since 2023 as Trump Accuses Policymakers of Political Motives

The Federal Reserve unanimously lifted its benchmark rate by 25 basis points to 3.75%-4.00% as inflation remained stubbornly above target. President Donald Trump demanded rates of 1% or lower and attacked the Fed board as political, although he said he still has confidence in Chair Kevin Warsh.

Updated 17 Sept 20269 min read