{
  "id": 14511633,
  "title": "Wall Street tumbles as hot inflation data feeds worries about Fed rate hikes",
  "url": "https://urgent.news/2026/10/14/wall-street-tumbles-as-hot-inflation-data-feeds-worries-about-fed",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-14T18:42:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/world/20261015/wall-street-tumbles-as-hot-inflation-data-feeds-worries-about-fed-rate-hikes"
  },
  "original_language": "en",
  "account": "Wall Street experienced a sharp decline on Wednesday following the release of hotter-than-expected inflation data. Concerns about additional interest rate increases from the Federal Reserve weighed heavily on the market, particularly affecting companies with significant exposure to higher borrowing costs. AI stocks, in particular, felt the impact of investors' increased belief that the Fed may need to take further action to curb inflation.\n\nNotable declines included Oracle, which saw a 7.3% drop, and AI infrastructure firms CoreWeave and Nebius, both plummeting by 15% and 10% respectively. Dell and Hewlett Packard Enterprise also suffered, with shares falling 12% and 7.6% respectively. These drops came after Barclays downgraded the AI server makers to \"equal-weight\" from \"overweight.\"\n\nThe Philadelphia Semiconductor index, which tracks semiconductors, dropped nearly 4%, marking its sixth consecutive day of decline and its longest losing streak since May 2025. September data from the Bureau of Labor Statistics showed that US consumer prices accelerated, with gasoline costs surging and inflation pressures spreading beyond energy. Interest rate traders now have a 37% chance of a Fed rate hike occurring in the near future.",
  "summary": "Hotter-than-expected inflation data sent Wall Street tumbling on Wednesday, with worries about more interest rate hikes from the Federal Reserve pummeling shares of Oracle, CoreWeave and other AI stocks sensitive to higher borrowing costs. Increased bets that the Fed will have to further hike rates to tame inflation dealt a sharp blow to some of the market's biggest gainers of 2026. Oracle lost…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "The Korea Times",
        "title": "Fed rate hike call seen tight as inflation heats up",
        "url": "https://urgent.news/2026/10/14/fed-rate-hike-call-seen-tight-as-inflation-heats-up",
        "published": "2026-10-14T16:02:04.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "US inflation heats up in September; Fed rate hike this month back on table",
        "url": "https://urgent.news/2026/10/14/us-inflation-heats-up-in-september-fed-rate-hike-this-month-back-on",
        "published": "2026-10-14T16:47:45.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "US inflation heats up in September; Fed rate hike this month back on table",
        "url": "https://urgent.news/2026/10/14/us-inflation-heats-up-in-september-fed-rate-hike-this-month-back-on-14509175",
        "published": "2026-10-14T17:53:59.000Z"
      },
      {
        "outlet": "The Economic Times - Economy",
        "title": "Wholesale inflation hits series high of 11.4% in September as fuel, food prices surge",
        "url": "https://urgent.news/2026/10/14/wholesale-inflation-hits-series-high-of-11-4-in-september-as-fuel",
        "published": "2026-10-14T19:11:21.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}