Dow Falls More than 400 points on Higher Than Anticipated Inflation Data On Tuesday, the Dow Jones Industrial Average and other major stock indices experienced significant declines following the release of hotter-than-anticipated inflation data for January. Despite a modest easing of inflation rates, the figures remained persistently high, with the Consumer Price Index (CPI) rising by 3.1% year-over-year and 0.3% from the previous month, surpassing economists’ expectations for a slowdown to 2.9% annually and a 0.2% monthly increase. This unexpected inflation persistence led to a market downturn, with the Dow dropping by 490 points (or 1.3%), and similar declines in the S&P 500 and Nasdaq Composite. The anticipation built around the Federal Reserve’s potential interest rate cuts, now largely expected by traders to commence in June or July, reflects the market’s reaction to inflation trends and monetary policy prospects. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Goldman’s CEO Says He’s Optimistic About 2024 as Markets Rebound READ MORE Big banks are getting what they want from Washington READ MORE BRICS: Scotiabank Says US Dollar To Fall in 2024 READ MORE How much gold does the UK own, and how does it compare? READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment