Surging inflation fears sent markets tumbling and Fed officials scrambling

Inflation data for the first quarter of 2024 indicates persistent price pressures, causing concern among investors, consumers, and policymakers.

Despite being lower than the rapid pace of 2022, inflation remains stubbornly high, with future expectations increasing.

The unexpected trend has led to market turbulence, with stocks experiencing significant declines, particularly on Friday.

Even minor data points, such as import prices, contribute to the inflation narrative, CNBC reported.

READ MORE: https://www.cnbc.com/2024/04/13/surging-inflation-fears-sent-markets-tumbling-and-fed-officials-scrambling.html

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