More aggressive rate hikes loom as inflation hits 9.1%

More aggressive rate hikes loom as inflation hits 9.1%

(NewsNation) — Global stocks and Wall Street futures sank Thursday after higher U.S. inflation stoked expectations of more rate hikes that investors worry will chill economic growth.
Oil prices fell more than $1 to below $100 per barrel.
Wall Street’s benchmark S&P 500 index declined after data Wednesday showed U.S. consumer inflation accelerated to 9.1% in June over a year earlier from May’s…

View On WordPress