GoKawiilMarkets slip as AI profit worries meet 66th month of above-target inflation
US stock futures fell Thursday after a rough trading session, with investors again questioning returns on heavy AI spending. Separately, September's consumer price index came in hotter than expected, driven by rising energy costs, marking the 66th consecutive month inflation has topped the Federal Reserve's 2% target—the longest such run this century. Diesel prices also remain elevated ahead of the midterm elections despite a new US-Russia diesel agreement.
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The combination of AI-spending skepticism and persistent inflation could unsettle investors who have relied on tech growth to offset broader economic pressures. Cleveland Fed President Beth Hammack has warned that prolonged high inflation may be becoming normalized among consumers, which could blunt the effectiveness of future monetary policy moves. Rising diesel costs, tied partly to geopolitical tensions in Ukraine, add another layer of inflationary pressure heading into the elections.
- Nasdaq futures dropped amid renewed doubts about returns on AI investment.
- September CPI data exceeded forecasts, extending the longest above-target inflation streak this century.
- Diesel prices remain high despite a Trump-brokered Russia deal, with Zelenskyy threatening renewed refinery strikes.
Source: cnbc.com — Alex Harring, 2026-10-15
Published there as: “Wall Street's latest AI spook, Netflix layoffs, 'good debt' and more in Morning Squawk”
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