Hot inflation, JPMorgan’s miss and Netflix’s cuts may show sticky prices meeting cooler growth

September CPI rose 3.7% from a year earlier, hotter than expected, as gasoline jumped 9.1%, NBC News and CNBC reported Wednesday; the Nasdaq fell 1.88%, Reuters reported. A day earlier, JPMorgan posted its first profit miss since late 2023 as dealmaking cooled, Reuters said. Netflix confirmed about 1,000 job cuts, roughly 6% of staff, amid slower growth and competition, TechCrunch and the BBC reported. Read together, they may show sticky prices meeting cooler growth.

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