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Dow Jones Today Drops As Fed Rate Hike Bets Surge To 70%
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
![US CPI Today [LIVE] Updates](https://image.coinpedia.org/wp-content/uploads/2025/10/24170737/US-CPI-Today-Live-Updates-1.webp)
US stocks are sliding as oil climbs above $100 a barrel and August producer prices came in hotter than expected. PPI rose 5.4% year-on-year, above the 5.3% forecast, while core PPI jumped to 4.6% from 4.3%. September rate hike expectations rose to 70%, up from 60%. Dow futures are down 0.33%, Nasdaq futures down 1%, though S&P 500 futures edged up 0.55%. Technically, the Dow has broken below its rising trendline and 50 EMA, with sellers eyeing 52,000 next. Meta rose 1.4% on a JPMorgan upgrade, Apple gained 1% after unveiling its foldable iPhone, while Macy’s fell despite beating earnings.
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