Tag: US

(14 September 2022) Stocks have fallen sharply this week as Tuesday's CPI number for August came in higher than expected.  The S&P 500 fell 4% while the Nasdaq lost 5% as the annual inflation rate rose to 8.3% and the closely watched Core inflation rate also rose to 6.3%.  Today's wholesale PPI rate didn't provide much relief as the Core rate rose to 7.3% in August even if the headline PPI slipped a bit to 8.7% from 8.8%. Investors had been hoping for evidence that inflation was starting to...