Investors Pare Rate-Hike Bets After Warsh Declines to Guide on Next Move -- WSJ
Dow Jones2026/10/16 14:03By Chelsey Dulaney
Markets are steadying at the end of a rocky week, while investors are paring bets that the Federal Reserve will raise interest rates this month after comments from Chairman Kevin Warsh.
Speaking overnight in Bangkok, Warsh did little to dispel investors' view that the Fed isn't in a rush to raise rates despite a string of hotter-than-expected inflation readings this week.
The dollar retreated along with rate-hike expectations.
Elsewhere, markets are catching their breath. The Dow industrials is edging up while the Nasdaq composite is in the red, but both moves are small. Benchmark 10-year Treasurys are on course for their best week since February and Brent crude prices are hovering around $105 a barrel. Stocks in Asia and Europe rebounded.
The artificial-intelligence trade remains on fragile footing, with CoreWeave shares coming under renewed pressure today. The Nvidia-backed compute provider has been at the center of this week's tech rout, as investors fret over how higher borrowing costs will hit the most highly leveraged players in the data-center buildout.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
October 16, 2026 10:03 ET (14:03 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Boeing (BA.US) Max 10 certification expected to be announced next week, adding new leverage for debt relief
The Boeing 737 Max 10 has completed key certification meetings and could be approved as early as next week. As Boeing's largest variant to rival Airbus, this model will help airlines replace aging 757s and is expected to become a cash cow for Boeing to reduce its debt.
Foreign holdings of US Treasuries rebounded in August, with UK holdings surpassing $1 trillion for the first time
In August, foreign holdings of U.S. Treasury bonds increased by over 83 billions USD, with Canada and Belgium leading the increase; meanwhile, holdings by Japan and China continued to decline to multi-year lows, and for the first time, the UK's holdings surpassed 1 trillion USD.
Strive's bitcoin holdings increased to 35,595, and TD Cowen raised its target price to $56.
New York Federal Reserve Survey: Service Sector Price Increases Hit Fastest Pace Since 2022, Business Activity Index Drops to Lowest Since March
A survey released by the New York Fed on Friday shows that in October, sales prices for service sector firms increased at the fastest pace since 2022, with input costs remaining robust and supply conditions continuing to deteriorate. Businesses’ pessimism about the commercial outlook has significantly intensified, with the overall business activity index falling by 12 points from the previous month to minus 20.7, marking the weakest reading since March.
Crypto prices
More
