Consumer inflation hit 3.7% on Wednesday, up 0.6% from August. Tariffs, the Iran war, and AI have tightened their grip on higher prices as the November 3 mid-term elections approach.
After the Bureau of Labor Statistics' latest inflation report, markets fell yesterday, with the Nasdaq 100 leading the correction, down 2.02% on the day, while the S&P 500 lost 1.11% and the Dow was off only 0.09%.