US stocks dip after latest inflation data

📆 15/02/2023 4:57 AM
📰 malaymail

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NEW YORK, Feb 14 — Wall Street stocks retreated early today following a US consumer price report that showed only limited moderation in the inflation that has pressured central...

NEW YORK, Feb 14 — Wall Street stocks retreated early today following a US consumer price report that showed only limited moderation in the inflation that has pressured central bank interest rate increases.

Although this marks the smallest annual increase since October 2021, this level is well above policymakers’ two per cent target.

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