POW is trading 5.35% down after September 11’s hotter-than-expected August core CPI boosted expectations for a 25-basis-point Fed hike at September 16’s meeting.
- Fed hike odds rose toward 90%, pressuring Treasury yields and growth-oriented infrastructure-equity valuations.
- Rate-sensitive electrification, industrial, utility, and technology exposures weaken with broad-market and Nasdaq selling.
- AI-related weakness and capital-spending concerns add pressure; higher oil prices reinforce inflation and rate-risk concerns. The move appears macro- and sector-driven, not company-specific.