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Stocks plunge after surprise August inflation bump
The Hill ^
| 09/13/2022
| SYLVAN LANE
Posted on 09/13/2022 11:38:14 AM PDT by ChicagoConservative27
An unexpected inflation jump in August set stocks plunging Tuesday as Wall Street braced for steeper Federal Reserve rate hikes and a potential economic slowdown.
The Dow Jones Industrial Average was down 2.8 percent shortly after 2 p.m. Tuesday, a decline of more than 900 points, after the Labor Department released a surprisingly hot consumer price index (CPI) report earlier in the day.
The S&P 500 was down 3.1 percent and the Nasdaq composite was down 3.9 percent on the day.
Markets began selling off after the Labor Department reported a 0.1 percent increase in the consumer price index (CPI), a closely watched gauge of inflation, in August.
(Excerpt) Read more at thehill.com ...
TOPICS: Business/Economy; Culture/Society; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: anwr; august; bidenflation; inflation; keystonexl; opec; stocks; surprise; unexpected
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Surprise?? More gaslighting.
To: ChicagoConservative27
2
posted on
09/13/2022 11:40:02 AM PDT
by
Magnum44
(...against all enemies, foreign and domestic... )
To: ChicagoConservative27
The dow is down over 1000 points right now.
3
posted on
09/13/2022 11:40:11 AM PDT
by
rdl6989
( )
To: ChicagoConservative27
Oh yes, so surprising. Who would have ever thought printing up trillions upon trillions of dollars since 2008 would have sparked inflation? Why even the Federal Reserve couldn’t see this coming.
To: ChicagoConservative27
So damn funny. The AP was out with a story earlier proclaiming that inflation had fallen!!!
To: ChicagoConservative27
...unexpected inflation jump
Really?
To: ChicagoConservative27
“Unexpected”.
Everybody drink!
CC
7
posted on
09/13/2022 11:42:59 AM PDT
by
Celtic Conservative
(My cats are more amusing than 200 channels worth of TV.)
To: ChicagoConservative27
Surprise bump? Don’t you love their weasel words?
8
posted on
09/13/2022 11:43:11 AM PDT
by
Luke21
To: FlipWilson
Is the WH still holding the celebration of the “Inflation Reduction Act” they just passed?
I want pics!
9
posted on
09/13/2022 11:43:13 AM PDT
by
griswold3
To: ChicagoConservative27
...unexpected inflation jump
Really?
To: Tommy Revolts
To: ChicagoConservative27
SURPRISE!!!
12
posted on
09/13/2022 11:43:46 AM PDT
by
Jeff Chandler
(THE ISSUE IS NEVER THE ISSUE. THE REVOLUTION IS THE ISSUE.)
To: ChicagoConservative27
Who was surprised and why?
13
posted on
09/13/2022 11:44:42 AM PDT
by
Paladin2
To: ChicagoConservative27
No escape, no soft landing, just pain ahead.
14
posted on
09/13/2022 11:45:08 AM PDT
by
Huskrrrr
(Alinsky, you magnificent Bastard, I read your book!)
To: ChicagoConservative27
15
posted on
09/13/2022 11:45:13 AM PDT
by
Theoria
To: ChicagoConservative27
But...but...but what about those drips in the cost of a gallon of gasoline? The “experts” said that Jo Jo has driven inflation down by lowering the cost of a gallon of fuel. Obviously, “experts” don’t do much shopping. They must have non-”experts” shop for them. ROTFLMAO. We got Jo Jo and the “Experts” new Brooklyn Bridge economy.
16
posted on
09/13/2022 11:45:14 AM PDT
by
FlingWingFlyer
(I always thought a Merry Garland was a Christmas tree decoration.)
To: Jeff Chandler
..and in less than 20 minutes the WH is having a party to brag on their inflation act.
17
posted on
09/13/2022 11:45:59 AM PDT
by
mware
To: mware
Party like it's 1979!
18
posted on
09/13/2022 11:46:47 AM PDT
by
Jeff Chandler
(THE ISSUE IS NEVER THE ISSUE. THE REVOLUTION IS THE ISSUE.)
To: ChicagoConservative27
When the enviro-whackos implement a planned economy, destroying our energy industry in the process, this is what you get.
On the other side of the coin, abundant, cheap, energy means prosperity.
But artificial shortages created by Biden and his leftist enviro-whackos means economic disaster.
19
posted on
09/13/2022 11:47:16 AM PDT
by
Governor Dinwiddie
(LORD, grant thy people grace to withstand the temptations of the world, the flesh, and the devil.)
To: ChicagoConservative27
Surprise is the new unexpected.
20
posted on
09/13/2022 11:47:39 AM PDT
by
The Antiyuppie
(When small men cast long shadows, then it is very late in the day.)
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