04:11 PM EST, 11/13/2025 (MT Newswires) -- US equity indexes slumped Thursday amid accelerating inflation concerns and increasing bets for a pause in interest rate cuts.

* The Federal Reserve Bank of Cleveland projects a 0.3% increase in core consumer prices for October, based on its inflation nowcast. That would mark a slight acceleration from the 0.2% rise reported for September by the Bureau of Labor Statistics.

* The chances of a quarter-point interest rate cut in December fell to 51.6% from 62.9% a day earlier, while the odds of the Federal Reserve keeping its benchmark rate steady at 3.75% to 4% rose to 48.4% from 37.1%, according to CME Group's FedWatch Tool.

* December West Texas Intermediate crude oil rose $0.14 to settle at $58.63 per barrel, while January Brent crude, the global benchmark, was last seen up $0.24 to $62.95.

* Cisco Systems ( CSCO ) shares rose 4.6% after the company posted better-than-expected fiscal Q1 results and issued guidance for Q2 and fiscal 2026 that topped analyst forecasts. Multiple analysts also raised their price targets on the stock.

* Walt Disney ( DIS ) shares fell 7.8% after the company posted a surprise drop in fiscal Q4 revenue amid declines in its entertainment division.