Inflation fears have returned, and stocks are getting hammered
Business
Inflation reared its head again on Friday, and investors are spooked. The latest Producer Price Index numbers show wholesale prices rose 0.8% in January, significantly more than the 0.3% increase expected by economists. It follows a 0.6% increase in December. On an annual basis, headline PPI rose 2.9%. The data showing prices continuing to rise last month come just days after President Donald Trump insisted in his State of the Union that inflation is "plummeting," and they highlight the
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