• The stock market's worst-case scenario is playing out

    One year ago - By Business Insider

    Inflation in January rose more than economist expectations, a report from the Bureau of Labor Statistics showed Wednesday.
    That spurred immediate selling in equities and a spike in Treasury bond yields.
    The market's snap reaction shows just how much risk stocks face amid the prospect of higher inflation.
    Just when it looked like the US stock market was picking itself up off the mat after suffering a sharp correction, it got the worst possible news: inflation rose more than expected in January .
    Major indexes wasted no time in reversing pre-market gains as futures contracts dropped more...
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