Morning Commentary: Hot CPI Drives Tech-Led Selloff
MUMBAI, 15 COTOBER: U.S. stocks closed lower, led by technology, after a hotter-than-expected September CPI report raised fears of another Fed rate hike. Headline CPI rose 3.7% year over year against a 3.6% forecast. Core CPI rose 0.3% on the month and 2.6% on the year, both above forecasts, suggesting price pressures are spreading beyond…
