September 15, 2021 8:59 PM
US Market experiences fall over slower-than-expected rise in inflation
Wall Street, the Dow Jones and S&P 500 indexes fell yesterday, dragged down by financial stocks, after data showing a slower-than-expected rise in US inflation led to uncertainty over the US Federal Reserve's time-line to taper monetary stimulus. Data from the Labor Department showed underlying consumer prices rose at their slowest pace in six months in August, suggesting that inflation had probably peaked. The consumer price index, excluding the volatile food and energy compo...