This content was published on <\/p>\n
April 10, 2026 – 15:54\n<\/p>\n
(Bloomberg) \u2014 The first inflation snapshot of the war-fueled spike in energy costs matched expectations, driving stocks higher ahead of this weekend\u2019s planned peace talks between the US and Iran.<\/p>\n
While consumer prices jumped the most in nearly four years, core inflation \u2014 which is what the Federal Reserve closely watches \u2014 came relatively tame. That was enough to the put the S&P 500 on pace for its best week since May. Bond yields edged higher, with traders continuing to price in a one-in-three chance of a rate cut in 2026. Oil hovered near $98.<\/p>\n
\u201cThere are no signs, yet, that high energy prices are seeping into core inflation,\u201d said Brian Jacobsen at Annex Wealth Management. \u201cThat could be a process that plays out over time as companies absorb the brunt of the blow, at least initially.\u201d<\/p>\n
A record increase in gas prices was responsible for nearly three-quarters of the monthly advance. Americans are already experiencing higher prices at the pump, with some companies warning of price hikes ahead.<\/p>\n
\u201cThe message is clear: inflation remains sticky,\u201d said Bret Kenwell at eToro. \u201cWhile this may not justify higher interest rates from the Fed, it should keep policymakers on pause unless we see a more notable deterioration in the labor market or the broader economy.\u201d<\/p>\n
Investors also kept a close eye on the latest geopolitical developments, looking for signs that a ceasefire deal between the US and Iran will hold. Delegations for both countries are set to meet in Pakistan on Saturday, with shipping through the Strait of Hormuz remaining the focus.<\/p>\n
Since the Hormuz chokepoint was closed for an extended period, we should expect another one or two hot inflation prints, driven by transportation services and some durable goods categories, according to Jeff Roach at LPL Financial.<\/p>\n
\u201cThe Fed clearly is on hold for the next several meetings,\u201d he added.<\/p>\n
The duration of the war matters as does the extremely important Strait of Hormuz, because if the supply shock is temporary then the economy can weather this storm and the Fed will have an opportunity to lower interest rates by the end of the year, noted Chris Zaccarelli at Northlight Asset Management.<\/p>\n
\u201cBut if the inflation shock is more long-lasting they will have no choice but to sit on their hands for the entire year,\u201d he said.<\/p>\n
Markets may continue to wrestle with concerns that sticky inflation could become a quagmire as long as oil remains elevated, according to Ellen Zentner at Morgan Stanley Wealth Management.<\/p>\n
\u201cBut the Fed will likely continue to run its \u2018cautious\u2019 playbook \u2014not pivot to rate hikes,\u201d she added.<\/p>\n
Corporate Highlights:<\/p>\n
Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell summoned Wall Street leaders to an urgent meeting on concerns that the latest artificial intelligence model from Anthropic PBC will usher in an era of greater cyber risk. Anthropic PBC agreed to rent data center capacity from CoreWeave Inc. as part of efforts to handle increasing demand for its artificial intelligence services. Ares Management Corp. is planning a significantly smaller flagship US direct lending fund than its previous record-breaking vehicle of $33.6 billion to speed up deployment of capital, according to people with knowledge of the matter. Berkshire Hathaway Inc. sold \u00a5272.3 billion ($1.7 billion) of yen-denominated bonds, marking its first such deal since Warren Buffett stepped down as chief executive officer. Taiwan Semiconductor Manufacturing Co. reported a 35% increase in quarterly revenue, suggesting global AI chip demand remained intact during the first weeks of war in the Middle East. Some of the main moves in markets:<\/p>\n
Stocks<\/p>\n
The S&P 500 was little changed as of 9:53 a.m. New York time The Nasdaq 100 rose 0.4% The Dow Jones Industrial Average fell 0.5% The Stoxx Europe 600 rose 0.6% The MSCI World Index rose 0.2% Currencies<\/p>\n
The Bloomberg Dollar Spot Index fell 0.1% The euro rose 0.2% to $1.1726 The British pound rose 0.2% to $1.3459 The Japanese yen fell 0.1% to 159.18 per dollar Cryptocurrencies<\/p>\n
Bitcoin fell 0.3% to $72,226.7 Ether rose 0.3% to $2,220.12 Bonds<\/p>\n
The yield on 10-year Treasuries advanced three basis points to 4.31% Germany\u2019s 10-year yield advanced six basis points to 3.05% Britain\u2019s 10-year yield advanced eight basis points to 4.83% Commodities<\/p>\n
West Texas Intermediate crude rose 0.4% to $98.24 a barrel Spot gold rose 0.2% to $4,774.60 an ounce \u00a92026 Bloomberg L.P.<\/p>\n","protected":false},"excerpt":{"rendered":"This content was published on April 10, 2026 – 15:54 (Bloomberg) \u2014 The first inflation snapshot of the…\n","protected":false},"author":2,"featured_media":331705,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,6144,85,46,6145],"class_list":{"0":"post-385121","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-business-general","10":"tag-il","11":"tag-israel","12":"tag-ticker"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/385121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=385121"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/385121\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/331705"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=385121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=385121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=385121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}