Wall Street Roiled as Data Crush Fed Pivot Hopes: Markets Wrap
(Bloomberg) — Wall Street was rattled by data that showed exactly what investors did not want to hear: a sharp slowdown in the world’s largest economy and stubborn inflationary pressures. Treasuries sold off, with yields hitting fresh 2024 highs as the economic figures fueled “stagflation” jitters — bringing more uncertainty to the path of Federal…