VWO - US Inflation Data Plays On Asia and Europe Markets Gold Trades Above $2350 - Global Markets Today While US Slept | Benzinga
On Wednesday, April 10th, the U.S. stock markets ended lower after unexpectedly high inflation data reduced hopes for early Federal Reserve rate cuts.
The major indexes dropped significantly at the start after the CPI report exceeded forecasts, indicating a long battle to achieve the Fed’s 2% inflation target.
According to economic data, the annual inflation rate in the U.S. climbed for the second month in a row, reaching 3.5% in March, up from 3.2% in February. Meanwhile, U.S. wholesale inventories saw a monthly increase of 0.5% in February, marking a turnaround from a 0.2% decrease the month before.
In the S&P 500, all 11 primary sectors finished in the red except for energy, with ...