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5 Things to Know Today: US Inflation Day, Canada’s Job Losses and Oil Near $106 | Oct. 14, 2026

  Canadian Money Brief  |  Wednesday, October 14, 2026 Good morning. The biggest number of the day lands at 8:30 a.m. ET, and it could shape where mortgage rates and the loonie go next. Here are the five things worth knowing before you start your day. 1 US inflation report lands at 8:30 a.m. ET September U.S. CPI is the last major inflation reading before the Fed meets Oct. 27–28. Economists expect headline inflation to climb to roughly 3.6%–3.7% from 3.4% in August, a gasoline-driven jump of about 0.6% on the month, while core inflation is seen cooling to around 0.2% month over month. The Fed raised its target range to 3.75%–4.00% on Sept. 16, but September payrolls added just 29,000 jobs, and markets now see roughly a one-in-four chance of another hike in October, with December still largely priced in. What it means for you: A hotter-than-expected print can push bond yields higher, and Canadian fixed mortgage rates follow the 5-year bond. A cooler one eases the pressu...
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Wall Street Faces Pre-Fed Jitters

 

U.S. markets are bracing for another volatile day as Wall Street tumbles in premarket trading ahead of the Federal Reserve’s interest rate decision. Here’s a brief overview of what’s happening:

  1. Asian Stocks Follow Suit:

    • Asian stocks fell, with most markets in the region closed for a holiday.
    • Tokyo’s Nikkei 225 index lost 0.4%, reflecting a milder shrink in factory activity in Japan.
    • Australia’s S&P/ASX 200 dipped 1.1%.
    • Other regional markets were closed due to Labor Day.

  2. U.S. Stock Performance:

    • The S&P 500 closed out its worst month since September, tumbling 1.6% on Tuesday.
    • The Dow Jones Industrial Average dropped 1.5%, and the Nasdaq composite lost 2%.
    • Stocks began sinking after a report showed U.S. workers received bigger wage gains than expected in Q1, fueling inflation concerns.
    • Traders have given up hopes of multiple interest rate cuts by the Federal Reserve this year, leading to higher Treasury yields and pressure on stocks.

  3. Fed Decision Anticipation:

    • The Federal Reserve is unlikely to change its main interest rate at this meeting.
    • Traders await Fed Chair Jerome Powell’s remarks about the rest of the year.

  4. Stock-Specific Moves:

    • GE Healthcare Technologies tumbled 14.3% after weaker-than-expected results.
    • F5 dropped 9.2% despite reporting better profits.
    • McDonald’s slipped 0.2% due to weakening sales trends in franchised stores overseas.

In summary, investors are on edge as they await the Fed’s decision. While no rate change is expected, Powell’s outlook will be closely watched. Stay tuned for further updates!



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