The Morning Bull - US Market Morning Update Thursday, Oct, 22 2026 US stocks look set to open weaker, with futures pointing lower as investors react to a sharp upside surprise in UK inflation. The move is feeding a more cautious mood around global central bank policy. UK CPI printed at 3.5% in September, with core inflation at 2.8%, both above recent trends and prior readings. These numbers have raised expectations that tight policy in major economies may persist longer than markets had been assuming. Higher for longer policy thinking tends to pressure longer term bond yields, which directly affects borrowing costs for US households and companies.
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