North America Associated Press
Wall Street Plunges Amid Worsening Inflation Rate for Americans
Most US stocks fell Wednesday after a report showed inflation is unexpectedly worsening for Americans. The S&P 500 dropped 0.3%.
Most US stocks fell on Wednesday as a report showed inflation is unexpectedly worsening for Americans, with the S&P 500 dropping 0.3%. The decline followed a week of gains in which investors were hopeful for a slowdown in inflation. The latest data from the Labor Department showed that the Consumer Price Index (CPI) increased more than expected in December, fueling concerns about the Federal Reserve's ability to control inflation.
Brief written with AI from reporting by Associated Press. All rights to the original story belong to the publisher.