{
  "id": 14515258,
  "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-14515258",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-14T19:17:02.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "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 significant downturn on Wednesday following the release of hotter-than-expected inflation data. This news sparked concerns about additional interest rate hikes from the Federal Reserve, which had a negative impact on several key stocks. Companies such as Oracle, CoreWeave, and Nebius saw sharp declines in their share prices, suffering losses of 7.3 percent, 15 percent, and 10 percent respectively. Dell and Hewlett Packard Enterprise also faced declines of 12 percent and 7.6 percent, respectively, after Barclays downgraded these AI server makers to \"equal-weight\" from \"overweight.\"\n\nThe broader market sentiment was further dampened by the decline of the Philadelphia Semiconductor Index, which dropped nearly 4 percent. This decline marked the index's sixth consecutive day of losses and suggested it may be on track for its longest losing streak since May 2025. Data from the Labor Department's Bureau of Labor Statistics revealed that US consumer prices surged in September, driven by a spike in gasoline costs and a broader increase in price pressures beyond energy. This inflationary pressure has led interest rate traders to consider a 37 percent chance that the Federal Reserve will raise rates again.",
  "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": 6,
    "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"
      },
      {
        "outlet": "The Hill",
        "title": "Inflation rose slightly in September",
        "url": "https://urgent.news/2026/10/14/inflation-rose-slightly-in-september",
        "published": "2026-10-14T20:55:27.000Z"
      }
    ]
  },
  "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."
}