Reported about 13 hours ago
On Wednesday, US stocks fell as investors reacted to stronger-than-expected January inflation data, pushing back expectations for Federal Reserve interest rate cuts in 2025. The Dow Jones Industrial Average dropped 0.5%, with the S&P 500 down nearly 0.3%, while the Nasdaq Composite remained slightly above flat. The Consumer Price Index showed a significant rise in inflation, leading traders to adjust their forecasts for rate cuts to just one later in the year, instead of the previously anticipated two.
Source: YAHOO