New York, 15 October 2026 – The Nasdaq Composite fell sharply on Wednesday after hotter-than-expected US inflation revived expectations that the Federal Reserve may need to raise interest rates again. The technology-heavy index lost 1.88%, while the S&P 500 declined 1.11% and the Dow Jones Industrial Average slipped 0.09%.
September’s consumer price index rose 3.7% from a year earlier, accelerating from 3.4% in August and exceeding the 3.6% rate expected by economists. Prices increased 0.6% from the previous month, the largest monthly gain in five months. Core inflation, which excludes food and energy, rose to 2.6% from 2.4%.
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