US Stocks Slide as September Inflation Data Exceeds Forecasts
publishers 62articles 78first reported 4 Oct, 03:30 UTCdeveloping since 5 Oct · 28 editions
U.S. stocks fell sharply after September inflation reports showed price pressures accelerating, reviving concerns that the Federal Reserve could raise interest rates. The Nasdaq ended sharply lower, while AP described the broader market decline as its worst day since July. Investor’s Business Daily reported that small-cap stocks entered a correction.
The Producer Price Index rose 1.3% from August and 6.3% from a year earlier, according to Bureau of Labor Statistics data cited by CNN. Economists surveyed by FactSet had expected increases of 0.5% for the month and 5.3% annually. Energy accounted for 80% of a record 2.9% monthly rise in goods prices, while core producer prices, excluding food and energy, climbed 0.7% and were 5% higher than a year earlier.
The wholesale figures followed a Consumer Price Index report showing annual inflation at 3.7%. Gas prices jumped 9% during September, while inflation excluding gas and food rose to 2.6% from 2.4%.
President Donald Trump maintained that inflation was low while highlighting favorable aspects of the report, according to CBS News. Separately, the Social Security Administration announced a 3.6% cost-of-living adjustment for 2027, affecting Social Security, military retirement pay and certain veterans’ benefits, though some increases require congressional action.
HOW THIS STORY WAS MADE
Written from 8 articles, 3 with the publisher's own text; 8 independent newsrooms once syndicated copies count as one; this version written 286 h after the record first saw the story; the editor revised it.
- Publishers
- 62
- Source articles
- 78
- Given to the writer
- 8, 3 with the article's own text
- Independent newsrooms
- 8
- This version written
- 286 h after the record first saw the story
- Second model (editor)
- revised
- Publication gate
- passed
- Human review
- none
WHAT THE EDITOR DID
The second model checked the writer's draft against the same sources and changed it before publication. Struck words were in the draft; underlined words are its corrections.
WHAT IT FLAGGED editor revise: Correct the description of the underlying CPI measure to match CNN's report. - "inflation excluding food and energy rose to 2.6% from 2.4%": CNN says this measure excluded gas and food, not all energy.
THE DRAFT AND THE CHANGES
US Stocks Slide as September Inflation Data Exceeds Forecasts
U.S. stocks fell sharply after September inflation reports showed price pressures accelerating, reviving concerns that the Federal Reserve could raise interest rates. The Nasdaq ended sharply lower, while AP described the broader market decline as its worst day since July. Investor’s Business Daily reported that small-cap stocks entered a correction.
The Producer Price Index rose 1.3% from August and 6.3% from a year earlier, according to Bureau of Labor Statistics data cited by CNN. Economists surveyed by FactSet had expected increases of 0.5% for the month and 5.3% annually. Energy accounted for 80% of a record 2.9% monthly rise in goods prices, while core producer prices, excluding food and energy, climbed 0.7% and were 5% higher than a year earlier.
The wholesale figures followed a Consumer Price Index report showing annual inflation at 3.7%. Gas prices jumped 9% during September, while inflation excluding foodgas and energyfood rose to 2.6% from 2.4%.
President Donald Trump maintained that inflation was low while highlighting favorable aspects of the report, according to CBS News. Separately, the Social Security Administration announced a 3.6% cost-of-living adjustment for 2027, affecting Social Security, military retirement pay and certain veterans’ benefits, though some increases require congressional action.
Written by a language model from the sources above, then checked by a second model that may only cut, attribute or correct. How it works →