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Global Markets: US Inflation Cools to 2.4% as AI Disruption Fears Trigger Tech Rotation
Stock Market News· 2026-02-16 23:13
Key TakeawaysUS headline inflation cooled to 2.4% in January, falling below the expected 2.5% and down from 2.7% in December, significantly boosting expectations for a Federal Reserve rate cut as early as June.Global trading remains thin as US markets are closed for Presidents' Day and major Asian hubs, including China and South Korea, remain shut for the week-long Lunar New Year holidays.AI "cannibalization" fears are driving a sharp rotation out of megacap technology stocks like Nvidia (NVDA) and Apple (A ...