Wall Street Meanders as Inflation Tops Expectations
Stocks fell, but then recovered, as inflation data raised the specter of a faster pace of interest rate increases.
Stocks opened lower on Wall Street Wednesday after new figures showed inflation rose faster than expected, raising the specter of a more intense pace of interest rate increases than investors had anticipated. But within an hour, the main indexes were in positive territory.The moves were the latest in a roller-coaster start to the year for the United States stock market. Wall Street indexes hit ...
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