{
  "id": 19402984,
  "title": "US stocks fall as inflation data boosts bets on larger Fed rate hike",
  "url": "https://urgent.news/2026/11/10/us-stocks-fall-as-inflation-data-boosts-bets-on-larger-fed-rate-hike-19402984",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-10T21:17:19.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/11/11/us-stocks-fall-as-inflation-data-boosts-bets-on-larger-fed-rate-hike"
  },
  "original_language": "en",
  "account": "US stocks plunged on Tuesday as a hotter-than-expected US inflation reading bolstered expectations for a larger Federal Reserve interest-rate hike next month. Nvidia's shares tumbled for a second day straight, prompting concerns over CEO Jensen Huang's future amid a spying probe. Treasury yields surged and the dollar strengthened against major currencies while gold prices fell. The US Consumer Price Index rose 0.4% in October, exceeding expectations, while core CPI, which excludes volatile food and energy prices, came in at 0.3%, surpassing forecasts. Fed officials now see a 0.3% pace of underlying inflation in October, potentially triggering a half-point rate increase at their December meeting. Lower oil prices have helped mitigate some inflation concerns, but analysts warn about the impact of AI-driven labor costs on prices.",
  "summary": "Core CPI, which strips out volatile food and energy prices and is referred to as 'underlying inflation', came in at 0.3%, above the 0.2% consensus.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 7,
    "also_reported_by": [
      {
        "outlet": "CoinDesk",
        "title": "Live news: Traders price in Fed rate hike for December as bitcoin, gold retreat",
        "url": "https://urgent.news/2026/11/10/live-news-traders-price-in-fed-rate-hike-for-december-as-bitcoin-gold",
        "published": "2026-11-10T10:41:45.000Z"
      },
      {
        "outlet": "Quartz",
        "title": "Fed's Waller puts a half-point December rate hike on the table if inflation runs hot",
        "url": "https://urgent.news/2026/11/10/feds-waller-puts-a-half-point-december-rate-hike-on-the-table-if",
        "published": "2026-11-10T12:30:28.000Z"
      },
      {
        "outlet": "Cointelegraph",
        "title": "Hot US inflation raises odds of half-point Fed hike in December",
        "url": "https://urgent.news/2026/11/10/hot-us-inflation-raises-odds-of-half-point-fed-hike-in-december",
        "published": "2026-11-10T17:31:09.000Z"
      },
      {
        "outlet": "The Economic Times - Top News",
        "title": "Fed’s Christopher Waller opens door to 50-basis-point December rate hike after hot CPI",
        "url": "https://urgent.news/2026/11/10/feds-christopher-waller-opens-door-to-50-basis-point-december-rate",
        "published": "2026-11-10T18:12:40.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Fed officials open door to a half-percentage-point rate hike as inflation worsens",
        "url": "https://urgent.news/2026/11/10/fed-officials-open-door-to-a-half-percentage-point-rate-hike-as",
        "published": "2026-11-10T20:36:22.000Z"
      },
      {
        "outlet": "CFO Dive",
        "title": "Inflation rises faster than expected, boosting odds of Fed rate hike",
        "url": "https://urgent.news/2026/11/10/inflation-rises-faster-than-expected-boosting-odds-of-fed-rate-hike",
        "published": "2026-11-10T20:52:07.000Z"
      }
    ]
  },
  "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."
}