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Inflation rises again amid Trump tariffs and Iran war, risking Wall Street's AI-driven rally.

Market News
31 Oct 2026, 16:10 WIB
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Bearish
Inflation rises again amid Trump tariffs and Iran war, risking Wall Street's AI-driven rally.

Inflation is rising again due to overlapping pressures from Trump's tariffs, the Iran war, and increased AI spending, pushing the Federal Reserve toward higher interest rates. This threatens to end the era of cheap borrowing, which has fueled the current stock market rally, especially in technology and AI sectors. Higher rates could force heavily indebted companies to cut back on expansion or face expensive financing, potentially undermining stock valuations. The Fed's next moves will be critical for sustaining the market's growth momentum.

Trumpflation and its economic impact are the focus, with Pluang market data as of Oct 31, 2026 18:41 WIB. Among 150 priced US stocks tradable on Pluang, 47 rose and 103 fell today. Notable movers include FCEL at USD 11.22 with a 1-day change of -7.88%, SNOW at USD 305.29 down 7.56%, and UMC at USD 16.68 down 7.54%.

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