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S&P 500, Dow, Nasdaq open down. Inflation unexpectedly accelerates, and it's not just eggs

The article from MSN Money discusses the recent unexpected acceleration in U.S. inflation, which has led to a downturn in major stock indices like the S&P 500, Dow Jones, and Nasdaq at the opening of the market. Despite earlier signs of inflation cooling down, the latest data shows an uptick, driven not just by volatile food prices like eggs, but also by increases in shelter costs, used car prices, and other services. This resurgence in inflation has raised concerns about the Federal Reserve's next moves on interest rates, with fears that the central bank might need to maintain or even increase rates to combat persistent price pressures. The market's reaction reflects investor anxiety over the possibility of a longer period of high interest rates, which could slow economic growth and affect corporate earnings.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/markets/s-p-500-dow-nasdaq-open-down-inflation-unexpectedly-accelerates-and-it-s-not-just-eggs/ar-AA1yUn7s ]