The U.S. Federal Reserve on Wednesday raised its benchmark interest rate by 75-basis points in an attempt to cool inflation not seen in…
Tag: CPI
Stock futures signal more selling on Wall Street as stagflation fears mount
Futures are down again as stark warnings from some of the world’s biggest retailers spotlighted rampant inflation, fueling stagflation fears…
Apple swoons, Nasdaq falls more than 3% amid historic U.S. inflation
Apple and other U.S. stocks ended sharply lower on Wednesday after historic U.S. inflation data did little to ease investor worries over…
Rampant inflation hits 8.3% in April year over year, remains near 40-year highs
U.S. inflation rose again in April, accelerating to 8.3% in April, more than the 8.1% estimate and near the highest level in more than 40…
Hotter-than-expected inflation: Consumer prices jump 5% in May, fastest pace since the summer of 2008
U.S. Consumer prices for May accelerated at their fastest pace in nearly 13 years as inflation pressures continued to build in the U.S. …