U.S. Inflation Accelerates to 3.7% as AI Shares and Asian Markets Slide

U.S. stocks fell after September inflation accelerated to 3.7% annually, while Asian markets slid in early trading as investors reassessed borrowing-cost risks for AI infrastructure companies. The Consumer Price Index (CPI) rose 0.6% from August and 3.7% over the 12 months through September, after a 3.4% annual increase in August. Core CPI, which excludes food and energy, advanced 0.3% for the month and 2.6% over the year, up from 2.4% in August. Annual headline and core readings were higher than estimates of 3.6% and 2.5%, respectively. The 0.6% monthly headline reading matched its estimate.

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