Wall Street drops after hot US consumer prices data

by Pelican Press
51 views 1 minutes read



Wall Street drops after hot US consumer prices data

Wall Street’s main stock indexes have tumbled after a stronger than anticipated inflation reading dampened hopes of the Federal Reserve kicking off its monetary easing cycle in June.

A Labor Department report showed the Consumer Price Index (CPI) rose 0.4 per cent on a monthly basis in March, compared with the 0.3 per cent increase expected by economists polled by Reuters.





Source link

Business,Markets,premium
#Wall #Street #drops #hot #consumer #prices #data

You may also like