Market expectations for a December rate hike fell after the CPI data was released. Just 38 percent of investors expected the central bank to rates again at the end of the year, down from about 45 percent, according to the CME Group’s FedWatch tool.

“With weak inflation, if not turning down, it will make it even more difficult for the Fed to do anything, between today’s CPI and yesterday’s PPI,” said Baird Chief Investment Strategist Bruce Bittles. “Are you going to raise rates in this environment?”

Stocks are coming off their worst session since May as tensions between the U.S. and North Korea linger.

In the latest developments between the two countries’ war of words, President Donald Trump on Friday tweeted another stark warning to North Korea.

The tweet came a day after Trump said his previous warning to North Korea that it would face “fire and fury” may not have been “tough enough.”

“This is a very fluid environment. Typically you would see buyers coming in off a sell-off … you could see some buying on the dips,” said Prudential Financial chief market strategist Quincy Krosby.

“We could see some zigging and zagging going into the weekend,” Krosby said.

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