Stocks slump over 1% after super-hot inflation data

  • Stocks slump over 1% after super-hot inflation data

    All three of the major U.S. stock averages fell over 1% as trading began following the surprise 9.1% jump in the consumer price index for June. Investors are now debating the likelihood of a full percentage point rate hike by the Federal Reserve. In commodities, oil retreated to the $86 per barrel level.

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