"Rising Inflation Sparks Market Chaos and Casts Doubt on Fed Rate Cuts"
TL;DR Summary
Economist David Rosenberg criticized the market's reaction to the hot Consumer Price Index (CPI) released on Wednesday as "completely insane," following a 422-point slide in the Dow. The Nasdaq scored its first record close in three weeks as equities rebounded, with all eyes on market action.
- Market reaction to Wednesday's hot CPI was 'completely insane': Rosenberg MarketWatch
- The 'supercore' inflation measure shows Fed may have a real problem on its hands CNBC
- March CPI: The good and bad news about food prices Axios
- March US Inflation Report Sends Stocks, Bonds Reeling Bloomberg
- Fed rate cuts in doubt as rising housing costs stall progress on inflation The Boston Globe
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