Consumer prices rise unexpectedly in August, sending stock market tumbling

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The Dow Jones fell more than 1,200 points — making today the index's worst day since June 2020.

September 13, 2022, 4:20 PMFrederic J. Brown/AFP via Getty ImagesThe Dow Jones Industrial Average fell more than 1,200 points, which amounted to a nearly 4% drop, making it the index's worst day since June 2020. Meanwhile, the S

The consumer price index, or CPI, rose 8.3% over the past year in August, a slight slowdown from 8.5% in July, according to the bureau. Measures of the consumer prices for shelter, new vehicles and apparel all rose at a faster rate in August than they had over the month prior. But other indicators suggest the U.S. economy continues to hum. U.S. hiring fell from its breakneck pace but

The Fed is performing a "delicate balancing act," said Scott Schuh, an economics professor at the University of West Virginia. "The Fed is raising rates but trying to avoid an increase in the unemployment rate."

 

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I found a half gallon of half and half also for $8. lucky me

And the white House had a party. Channeling Marie Antoinette.

Since 2020 when djt was president.

Another Biden FAILURE

so, is it now officially a recession or no?

ECWFan360 Inflation Reduction.

Biden is so good LOL

Majority of Americans don't have stocks and bonds. But rich and super rich corporations, Ceo's do.

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