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US wholesale inflation drives Wall Street losses
By Markets Desk · 2026-09-10 · Updated 2026-09-11 00:04 UTC
US stocks and global bonds are under pressure as persistent inflation worries collide with surging oil prices exceeding $100 due to Middle East tensions. The ECB has raised rates, and investors are now bracing for potential Fed action and continued fiscal volatility.
Per GN markets/inflation (en-US), Brent crude has surged another 7% to $108.64 as the conflict in the Strait of Hormuz intensifies, while bond yields in Germany and the UK have hit multi-decade highs. Market expectations have also shifted from a Federal Reserve hold to a potential rate hike following the latest inflation data.
Source: GN markets/inflation (en-US)U.S. stocks fell and bond yields rose after new producer price data signaled persistent inflation pressure.
Source: GN markets/inflation (en-US)
Based on reporting by GN markets/inflation (en-US) and GN markets/inflation (en-US), compiled by the Tradingbird desk.
