KQED Nightly Business Report May 18, 2016
Inflation is heading back to its target level. Today, thats exactly what it got. The Consumer Price index, the prices americans pay for goods and services, rose 4 last month, the fastest rate in three years. It could be a sign the economy is regaining some steam and it could give the Federal Reserve just what it needs to raise Interest Rates again at potential leanne earlier date than wall street expects and thats exactly what the markets did not like. The Dow Jones Industrial average dropped to 17,529. The nasdaq fell 59. And the s p 500 was off 19. Mary thompson has more on todays stock slid...