MARKETSInflation print rattles markets as Fed signals sharper turn
By Helena Carter · 4 min read
Equities slipped on Tuesday after the latest CPI release came in hotter than expected, sending traders to reprice the path of rate cuts as Treasury yields climbed.
The S&P 500 finished 1.2% lower while the Nasdaq shed 1.7%, with banks and rate-sensitive tech leading declines.
Behind the move was a stickier core services print, which Fed officials have called the most reliable inflation gauge.
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