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US stocks drop to their worst day since July as inflation worsens

U.S. stocks dropped to their worst day since July. The S&P 500 fell 1.1% Wednesday and had its fifth loss in the six days since setting its all-time high. The Dow Jones Industrial Average slipped 0.1%, and the Nasdaq composite sank 1.9%. A report showing inflation accelerated last month raised expectations on Wall Street that the Federal Reserve will…

Sources (1)· Oct 14, 4:13 AM

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The Atlanta Journal-Constitution· Oct 14, 4:13 AMUS stocks drop to their worst day since July as inflation worsens

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Fed’s Cook Puts Off White House Hearing Over Trump’s AllegationsFederal Reserve Governor Lisa Cook says she will be unable to attend a Nov. 5 hearing at the White House that’s part of a new investigation into mortgage fraud allegations by President Donald Trump.

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Bank of America hit with $1.2B penalty over money laundering failuresBank of America faces approximately $1.21 billion in federal penalties over longstanding anti-money laundering compliance failures and U.S. sanctions violations

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Security bank of america penalty

Bank of America hit with $1.2B fine for money laundering, sanctions violationsThe fines on America’s second-biggest bank amount to the third-largest in the department’s history.

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Breitbart Business Digest: A Nobel for an Idea Whose Time Has Come and GoneThe Royal Swedish Academy of Sciences has honored the godfather of forward guidance just as central bankers are putting his most famous policy prescription into retirement. The post Breitbart Business Digest: A Nobel for an Idea Whose Time Has Come and Gone appeared first on Breitbart .

Breitbart News Network4d agoWhole story →

Economy nobel prize in economics

Fed’s Collins Sees Higher Rates Likely This Year to Tame PricesFederal Reserve Bank of Boston President Susan Collins said interest rates will likely need to rise more before the end of the year to help rein in inflation.

Bloomberg Tax News4d agoWhole story →

Economy fed rate decision

Since

Traders bet on October interest-rate hold after Kevin Warsh is tight-lipped at conferenceFederal Reserve Chair Kevin Warsh stayed mum Friday on the path for interest rates, even after hot inflation data this week – which traders took as a sign officials will hold rates steady this month.

New York Post1d agoWhole story →

Economy federal reserve interest rate decision

U.S. presses China on Mastercard, Citigroup market access in bilateral Bangkok talks, official saysThe U.S. raised market access issues for Mastercard and Citigroup in China during bilateral meetings in Bangkok this week, a U.S. Treasury official says.

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US fiscal 2026 budget deficit rises to $1.99 trillion, largest in 5 years - Fri, 16 Oct 2026 PSTThe US budget deficit rose by $217 billion to $1.99 trillion in the 2026 fiscal year, fueled in part by tariff refunds and record spending to service the nation's more-than $40 trillion in debt, marking the largest budget shortfall in five years, Treasury Department figures reported on Friday showed.

Spokane Spokesman-Review23h agoWhole story →

Economy fiscal 2026 budget deficit report

US Budget Deficit Widens to $1.99 Trillion for 2026 as Spending RisesThe US federal budget deficit widened to nearly $2 trillion for the 2026 fiscal year, serving as a fresh reminder of the scale of government borrowing needs and leaving the nation on track for a record high debt burden in coming years.

Bloomberg23h agoWhole story →

Economy federal budget deficit report

Gold set for a weekly drop as traders assess Fed signalsGold prices were largely steady on Friday and were on track for a weekly loss ‌as traders weighed the prospect of further Federal Reserve rate hikes this year following a run of hotter-than-expected US inflation data.

Reuters23h agoWhole story →

Economy fed rate hike decision

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US stocks drop to their worst day since July as inflation worsens – KnowGov