The stock market on Tuesday fell the most since June 2020 after Wall Street’s humbling realization that inflation is not slowing as much as hoped.
Tuesday’s report dashed some of those hopes. Many of the data points within it were worse than economists expected, including some the Fed pays particular attention to, such as inflation excluding food and energy prices. Traders now see a better than 60% likelihood the Fed will pull its federal funds rate all the way up to a range of 4.25% to 4.50% by March. A day earlier, they saw less than a 17% chance of such a high rate, according to CME Group.
Higher rates hurt the economy by making it more expensive to buy a house, a car or anything else bought on credit.have already hit their highest level since 2008, creating pain for the housing industry. The hope is that the Fed can pull off the tightrope walk of slowing the economy enough to snuff out high inflation but not so much that it creates a painful recession.
In the stock market, all but six of the stocks in the S&P 500 fell. Technology and other high-growth companies fell more than the rest of the market because they’re seen as most at risk from higher rates. Tuesday’s inflation report arrived before trading began on Wall Street, but it sent a thud through markets worldwide.
How’s Biden’s inflation party going?
Shut up and buy an EV you loser. They're only $60K.
Brandon!
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Stock markets suffer biggest fall since June 2020 on dashed inflation hopesThe stock market fell the most since June 2020 as Wall Street recognizes that inflation is not slowing as much as hoped. The Dow lost more than 1,250 points and the S&P 500 sank 4.3% You all voted for dumoKKKRATS- you get what you deserved. Runaway inflation, highest crime rates, highest energy costs, unsecured border, more restrictions...smh
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Stock markets suffer biggest fall since June 2020 on dashed inflation hopesThe stock market fell the most since June 2020 as Wall Street recognizes that inflation is not slowing as much as hoped. The Dow lost more than 1,250 points and the S&P 500 sank 4.3% Great. Let’s get to 13% interest rates again. That should solve our problems. realizated?
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Stock markets suffer biggest fall since June 2020 on dashed inflation hopesThe stock market fell the most since June 2020 as Wall Street recognizes that inflation is not slowing as much as hoped. The Dow lost more than 1,250 points and the S&P 500 sank 4.3% Elections have grave consequences. This man makes so much sense, he's definitely telling the truth, listen to this I'm sure you'll agree. Cause interest rates won't get corporations to stop increasing prices and posting record profits. The FED can't stop corporate greed.
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Markets shudder on dashed inflation hopes; Dow falls 1,250 pointsThe stock market fell the most since June 2020 following Wall Street’s humbling realization that inflation is not slowing as much as hoped. This is the greatest surprise all my life to wake up and receive $16,000 out of $1000 investment after so many tries I finally found a Legit platform for investment. All thanks to Mrs Lauren_Flores_1 for making this possible. 🔽🔽🔽🔽 Lauren_Flores_1 Ticker symbol DIA - if it falls below the $298 price level, the economy is in serious trouble. Large caps are the last to fall. If they start layoffs, cutting back…..the party is over.
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