Here's why the stock market is throwing a tantrum about new inflation data
https://s.yimg.com/ny/api/res/1.2/V5bPtYYqg.OYTmlKWXyG_A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ4MA--/https://media.zenfs.com/en/business_insider_articles_888/5a0a12f2d8a247a1e7bd601cfe458b89
https://finance.yahoo.com/news/heres-why-stock-market-throwing-013106579.html
The article discusses the impact of August inflation numbers on the stock market and the Federal Reserve's decision on interest rates. Core inflation rose unexpectedly, making a bigger rate cut less likely, and traders are now grappling with the reality that rates are staying higher for longer. The stock market is having another outburst, with the Dow dropping as much as 600 basis points.