Tag: Inflation Report

Stock markets suffers biggest fall since June 2020 on dashed inflation hopes!

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New York — The stock market has fallen the most since June 2020 after modest Wall Street realized that inflation was not slowing as much as hoped. The Dow Jones lost more than 1,250 points, and the S . index lost more than 1,250 points& P 500 sank 4.3%. A hotter-than-expected report on inflation on Tuesday has traders bracing for the Federal Reserve’s eventual higher-than-expected rate hike, with all the risks to the economy. Bond prices also fell, sending yields up sharply, after the government announced that inflation slowed last…

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Cheaper gas likely slowed high US inflation for a 2nd month!

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Washington (AFP) – A sign that the painful inflation of the past 18 months may ease gradually could come on Tuesday, as the government is expected to report that the acceleration of prices in the United States slowed in August compared to last year for the second month in a row. Economists had expected the report to show prices jumping 8.1% from 12 months earlier, down from a four-decade high of 9.1% in June and 8.5% in July, according to data provider FactSet. The sharp drop in gas prices was…

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