✉news BusinessMarkets first seen 2 d ago, last 2 d ago, peak #2
Wall Street opens lower after hot inflation data
Original: Wall St opens lower after hot CPI data fuels rate-hike bets
US stocks opened lower after a hotter-than-expected consumer price index report strengthened expectations that the Federal Reserve will keep raising interest rates. Traders sold equities as the inflation print undercut hopes that price pressures were cooling quickly enough to allow a pause in monetary tightening, with rate-hike bets driving a broad decline at the opening bell on Wall Street.
Why now: The CPI report came in above forecasts, immediately shifting expectations for Federal Reserve rate policy and hitting markets.
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