Financial_services

Driven by consumers, US inflation grows more persistent

WASHINGTON -- U.S. inflation is showing signs of entering a more stubborn phase that will likely require drastic action by the Federal Reserve, a shift that has panicked financial markets and heightens the risks of a recession. Some of the…

Global Courant•

Markets shudder on dashed inflation hopes; Dow falls 1,250

NEW YORK -- The Dow Jones Industrial Average sank more than 1,250 points Tuesday, its steepest sell-off in more than two years, after a government report showed that inflation is maintaining a surprisingly strong grip on the U.S. economy. The S &a…

Global Courant•
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