Dow
Financial Markets

Dow drops more than 400 points as a hot inflation report rattles Wall Street: Live updates

U.S. stocks fell sharply Friday after the Federal Reserve’s preferred inflation gauge showed a stronger-than-expected increase in prices last month. The Dow Jones Industrial Average fell by 472 points, or 1.4%. The S&P 500 and Nasdaq Composite slid 1.6% and 2.0%, […]

inflation
Financial Markets

CNBC Daily Open: The Fed wants inflation at 2%. But the economy might be fine with higher inflation

The 2% inflation target has been repeated so often by Fed officials and central bankers worldwide that it seems absolutely crucial to a healthy economy. But “the 2% inflation target, it’s relatively arbitrary,” said Josh […]