Higher Than Expected U.S. CPI Raises Investor Concerns Over Fed’s Upcoming Rate Cut

U.S. stocks tumbled on Wednesday as new inflation data shook trader expectations for a larger rate cut from the Federal Reserve next week. According to a CNBC report published earlier today, the S&P 500 dropped 1.1%, while the Dow Jones Industrial Average fell by 517 points, or 1.3%. The Nasdaq Composite also shed 0.6%. The […]