FOMC Likely to Keep Rates Unchanged in March After Hot Inflation Report

1 year ago 19

Wall Street braced for a chilly reality as hotter-than-expected inflation data sent major indexes tumbling on Tuesday. The Labor Department report revealed US consumer prices surged in January, exceeding forecasts and fueled by rising shelter costs. This unexpected heatwave extinguished investors’ hopes for imminent interest rate cuts. The Dow Jones Industrial Average suffered its biggest […]

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