U.S. Stocks Tumble After Higher Than Expected August Inflation By Investing.com
Stock Markets 1 hour ago (Sep 13, 2022 15:04)
By Liz Moyer
Investing.com — U.S. stocks sold off sharply after August’s inflation report came in higher than expected.
This is the last inflation report before the Federal Reserve’s policy meeting next week, and expectations are now set for the central bank to raise interest rates another 0.75 percentage point, as it did in both July and June.
Had inflation numbers come in at or below expectations, it could have given the Fed reason to raise rates less dramatically. But the Fed is determined to quash inflation despite the risk of pushing the economy into a recession.
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U.S. Stocks Tumble After Higher Than Expected August Inflation
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