CPI Reflects Crude Oil Inflation Impact, BAC Earnings Take $1.2B Hit

Kevin Green points to core CPI as the true culprit behind investor concerns Wednesday morning, and with energy driving inflation woes. He takes investors through the metrics underneath CPI headline numbers and the shift to a roughly 50% probability of a Fed interest rate hike in October. Crude oil remains volatile as well over war escalations in the Middle East and between Russia and Ukraine. In equities, KG discusses Bank of America (BAC) earnings and the $1.2 billion fine it received from the U.S. Treasury.

Morning Trade Live

14 Oct 2026

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