White House Comments On High Inflation

Posted on 02/13/2024

U.S. inflation reached 3.1% in January, causing market participants to worry that interest rate cuts may be further off than expected. This resulted in a selloff in equities, with all major indices down at present. The Russell is down nearly 3.8%, the Nasdaq 2.3%, S&P 1.9%, and Dow Jones 1.9%. Some took more of the…

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