The Dow Jones fell more than 1,200 points — making today the index's worst day since June 2020.
September 13, 2022, 4:20 PMFrederic J. Brown/AFP via Getty ImagesThe Dow Jones Industrial Average fell more than 1,200 points, which amounted to a nearly 4% drop, making it the index's worst day since June 2020. Meanwhile, the S
The consumer price index, or CPI, rose 8.3% over the past year in August, a slight slowdown from 8.5% in July, according to the bureau. Measures of the consumer prices for shelter, new vehicles and apparel all rose at a faster rate in August than they had over the month prior. But other indicators suggest the U.S. economy continues to hum. U.S. hiring fell from its breakneck pace but
The Fed is performing a "delicate balancing act," said Scott Schuh, an economics professor at the University of West Virginia. "The Fed is raising rates but trying to avoid an increase in the unemployment rate."