Stock Market News Today: Equities Tumble on Hot Inflation Data
Stocks dropped as January's CPI came in higher than expected, providing the Federal Reserve with a reason to keep interest rates up.
Source: businessinsider.com
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Stock Market Outlook: Coming 'Macro Damage' Not Priced in, BlackRock Warns
The US economy is the weakest its ever been outside an official recession, according to one measure, BlackRock strategists said.
Source: businessinsider.com
Fed Screwed up by Letting Zero Interest Rates Go on Too Long: Sam Zell
"I just don't see how the US can avoid an economic slowdown as that whole process comes to an end," Sam Zell told CNBC about the Fed's aggressive rate hikes.
Source: businessinsider.com
Inflation Has a 75% Chance of Rebounding: Mohamed El-Erian
There's only a 25% chance that inflation will steadily falling from here, according to top economist Mohamed El-Erian.
Source: businessinsider.com
Stock Market Outlook: Stocks Could Rally Despite Incoming Economic Pain
A recession is coming, but the S&P 500 could still rebound by the end of the year, according to one Evercore strategist.
Source: businessinsider.com