THE LATEST INFLATION DATA SPELLS BAD NEWS FOR FED CHAIR KEVIN WARSH AND THE STOCK MARKET

What happened: CPI rose at an annualized 3.7% in September, with the energy component up 20.4%, after the Fed hiked rates in September for the first time in three years. Fed chairman Kevin Warsh warned more increases may follow. Key numbers: CPI 3.7% annualized in September, energy +20.4%. August CPI 3.4%. September PPI +6.3%, energy +35.4%. Why it matters: Higher rates pressure household budgets and corporate earnings, and the S&P 500's elevated valuation leaves it vulnerable to a correction. The content says Wall Street appears to be betting high inflation is here to stay. Coverage: 3 outlets in 24h

Latest inflation data signals negative implications for Fed Chair Kevin Warsh and stock market.

Latest inflation data signals negative implications for Fed Chair Kevin Warsh and stock market. — impact context not separately stored; see What changed.