Wall St retreats as hot inflation data, Fed comments fuel rate worries
By Chuck Mikolajczak and Niket NishantUS stocks stumbled on Tuesday, as a hotter-than-expected inflation reading cemented expectations for a rate hike from the Federal Reserve next month and fueled concerns the central bank may be more aggressive in raising rates.The Labor Department said the Consu…
By Chuck Mikolajczak and Niket NishantUS stocks stumbled on Tuesday, as a hotter-than-expected inflation reading cemented expectations for a rate hike from the Federal Reserve next month and fueled concerns the central bank may be more aggressive in raising rates.The Labor Department said the Consu…