Stocks fell dramatically after frustrating information on inflation made financiers challenge the bitter possibility that interest rates will remain high for months longer than they were hoping
ByThe Associated Press
February 13, 2024, 4: 51 PM
Stocks fell greatly after frustrating information on inflation made financiers challenge the bitter possibility that interest rates will remain high for months longer than they were hoping.
The S&P 500 fell 1.4% Tuesday after clawing back part of a bigger intraday loss. The worse-than-expected inflation report might have put the last nail into hopes that the Federal Reserve might provide its veryfirst interest rate cut in March. It likewise pressed m