Stocks Plunge Amid Soaring Inflation and Trade Policy Concerns
Major US indexes plummeted near noon as investors reacted to key inflation data and recent trade policy developments. The Federal Reserve’s core personal consumption expenditures price index showed a 0.4% increase for February, pushing the 12-month inflation rate to 2.8%. This hotter-than-expected reading led to sharp declines in the Dow (down 1.26%), Nasdaq (down 2.22%), … Read more