The hottest inflation data in 3 years has derailed the record-setting rally in stocks

Statele Unite

Stocks are selling off from record highs on Tuesday after a hot CPI report sent fears of another inflation flare-up rippling through the market. Bureau of Labor Statistics data shows consumer prices jumped 3.8% year-over-year in April, the most since 2023. The bulk of the gains were driven by a jump in energy prices, which the BLS said are up by 17.9% since the same time last year. Gasoline prices in particular were up 28.4%. The rise stems from the ongoing US-Iran war, which has disrupted oil

Tag-uri: Inflatie

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