US stocks tumble as data shows inflation spiked higher than expected in April

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US stocks fell Wednesday morning after data showed inflation measured by the Consumer Price Index rose 4.2% in April, the most since 2008.

The consumer price index increased 4.2% year over year in April and 0.8% from the prior month. Economists were expecting a 3.6% year over year gain and 0.2% gain from March figures.

The higher-than-expected figure stoked further concerns that the Federal Reserve is misreading the inflation story. The US central bank has signaled that inflationary pressures will only be transitory.

 

आपकी टिप्पणी के लिए धन्यवाद। आपकी टिप्पणी समीक्षा के बाद प्रकाशित की जाएगी।

Every day is starting to look the same. Those that saw the massive gains in tech are taking profits.

Many investors have seemingly moved to crypto, yet traders (day & swing) seem divided between options and futures.

हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

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