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Opinion
John Authers

October’s Frights Start With Credit Suisse, Inflation

The measure that the Fed watches most closely is still rising. Don’t expect a quick pivot on rates for anything short of a Lehman-style financial crisis.

The CEO offers reassurance after Credit Suisse endures some intense speculation.

The CEO offers reassurance after Credit Suisse endures some intense speculation.

Photographer: Pascal Mora/Bloomberg

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October does not start auspiciously. The sting in September’s tail involved surprisingly bad US inflation numbers that dampened hopes that the Federal Reserve would soon have to peg back its campaign of interest rate hikes.