Inflation just gets worst as gas and consumer good’s keep rising in price…..
The Fed is increasingly being put in a postion to drop the inflation with a recession….
And all this is a political hatchet on Presodent Biden and Democrats politically….
The decline puts the S&P 500 back in bear market territory, defined as a 20 percent fall from the most recent high, after it briefly touched the benchmark in intraday trading last month.
Analysts described the sell-off as yet another ripple effect of disappointing inflation data reported Friday morning and concerns about how the central bank might respond.
Fed officials, who are scheduled to meet Tuesday and Wednesday, have been dialing up interest rates in recent months in an attempt to put a lid on soaring prices. But inflation reached a new pandemic-era peak of 8.6 percent on Friday, according to the Bureau of Labor Statistics. Stocks sold off in tandem, with the Dow losing 2.7 percent….