Tesla, Palantir Fall as CPI Sends September Fed Hike Odds to 33%
Tesla and Palantir fell after July CPI pushed September Fed hike odds below 42%, even as the report lifted the broader tech market.
When prices rise faster than expected, the Federal Reserve might raise interest rates—the cost of borrowing money. Tesla and Palantir dropped because higher borrowing costs can slow down companies that spend a lot on growth, but other tech stocks went up, showing mixed signals about what happens next.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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