MarBDow drops 700 points as U.S. markets tumble with inflation surge sending jitters through Wall Streetverified_publisherFortune - Chloe TaylorStocks on Wall Street nosedived Friday after the U.S. consumer price index (CPI) surged to 8.6%, marking a 40-year high. The Dow Jones industrial …
MarBThe Great Rent Squeeze: Landlords’ jacking up rent was the single largest factor in May’s red-hot inflation reportverified_publisherFortune - Tristan BoveInflation isn’t going away anytime soon. The consumer price index for May, the standard yardstick for measuring monthly inflation, was released on …
MarBMay’s hot inflation read means there’s ‘nowhere to hide’—and a risk of even more pain in stocks as the Fed hikes faster, BofA saysverified_publisherFortune - Christine MuiConsumer prices in the U.S. marked their fastest acceleration since 1981 in May, with consumer inflation rising 8.6% from the same period a year ago, …
MarB‘The numbers are catastrophically bad.’ Top economists are sounding the alarm on inflationverified_publisherFortune - Colin LodewickFor nearly a year, inflation has been hammering Americans. Every month when the Consumer Price Index report gets released, rates have stayed high or …
