Global stocks mostly fall amid profit taking, inflation worries British data showed unemployment dipped to 4.8 percent in the three months to the end of May from 5.0 percent in the three months to February. July 16, 2021 05:04 BST Global stocks mostly fell Thursday, as investors weighed worries about inflation with improving labor data and took profits following recent Wall Street records. US Treasury Secretary Janet Yellen told CNBC that inflation will remain elevated in the United States for months to come but eventually retreat. "It is important that we monitor it carefully, but I believe fundamentally, that this is something that will settle down," Yellen said after markets closed, following reports earlier this week showing spiking producer and consumer prices in June.