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At a time when CoreWeave's credit risk index hit a record, concerns about the sustainability and rising costs of artificial intelligence spending were once again heating up, and the opening of the US credit and stock markets generally weakened. Producer prices in the US rose at the fastest rate in more than four years in September, indicating that potential inflationary pressure is still strong, and may cause Fed officials to continue along the path of further interest rate hikes in the coming months. The CDX investment grade index, a subsidiary of the S&P Dow Jones Index, once rose 1.75 basis points to 62.3, the highest level since April 2. The indicator rose as market concerns about credit risk heated up. A similar high-yield bond index once fell 0.4 points to 105.73, the lowest level since April 7; the index fell as the market's perception of risk increased.
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At a time when CoreWeave's credit risk index hit a record, concerns about the sustainability and rising costs of artificial intelligence spending were once again heating up, and the opening of the US credit and stock markets generally weakened. Producer prices in the US rose at the fastest rate in more than four years in September, indicating that potential inflationary pressure is still strong, and may cause Fed officials to continue along the path of further interest rate hikes in the coming months. The CDX investment grade index, a subsidiary of the S&P Dow Jones Index, once rose 1.75 basis points to 62.3, the highest level since April 2. The indicator rose as market concerns about credit risk heated up. A similar high-yield bond index once fell 0.4 points to 105.73, the lowest level since April 7; the index fell as the market's perception of risk increased.
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