US inflation at 3.5%—Fed hikes to ease pressure; IBM previously said it would insert 26%

July 15, 2026

US inflation at 3.5% prompts rate-hike relief; IBM shares once plunged 26%

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The United States' June inflation rate came in at 3.5%, slowing faster than expected, easing pressure for the Federal Reserve to keep raising rates, and major US stocks generally stabilized in the early part of Tuesday. International Business Machines (IBM) reported sales worse than expected; its share price once plunged 26%, the biggest drop since at least 1968, but was still down 24% in the middle of the session. This dragged the Dow to open sharply lower by 452 points, then hit the day’s low of 52,046 points. Later, lifted by bank stocks, it rebounded as much as 196 points, reaching a high of 52,695 points, while the S&P …

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