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Stocks fall broadly on Wall Street as inflation worries grow

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A report showing U.S. consumers raising their expectations for future inflation hit markets worldwide, signaling the Federal Reserve will have to continue aggressively raising rates.

A broad slide for stocks on Wall Street Friday has the market on pace to end a turbulent week of trading in the red as investors weigh the latest updates on inflation expectations, consumer spending and corporate earnings.

"I don't think that technically or fundamentally means anything because a whole lot hasn't changed," said Sylvia Jablonski, chief investment officer at Defiance ETFs."I don't think we're likely to see any sense of direction or stability in the near term." Inflation, though cooling in some areas of the economy, remains stubbornly hot overall. A survey from the University of Michigan on Friday showed that consumers raised their expectations for future inflation. It also showed that overall consumer confidence remains surprisingly strong despite high prices on a wide range of goods.

 

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Good luck buying a house now, all you libs complaining about housing costs! This will hit you harder than the rising home prices from the last couple years.

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Stocks rally as inflation remains stubbornly highU.S. markets fell sharply in opening trading Thursday after an unexpectedly hot inflation report strengthened the Federal Reserve's position on the need for more aggressive interest rate hikes. I can't figure out how decreasing my stock value by 50% is helping me or the economy. I think the Fed is working for Putin at this point. Can we please talk about CORPORATE PROFITS!
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