Fed Williams caps Rate Hikes but Stocks Still Slide

MPC Markets Morning Call · Oct 13, 2026 · 11m

Fed’s Williams signals one more hike then done — bond yields dropped 10bps but stocks still slid. We break down: Micron’s 3.6% drop on China’s CXMT chip news (and why it’s an overreaction), JP Morgan’s first earnings miss since 2023 while Goldman crushed it, the lithium bloodbath (PLS -8.6% in a day, -21% in three sessions), growing skepticism around the data center trade after AirTrunk and Firmus, and the RBA hinting at holding rates. Plus US CPI tonight and what to watch from Bank of America and Morgan Stanley.

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