Published on 14 Mar 2024 on Benzinga
Stocks Fall As Hot Inflation Data Derails Fed Cut Bets, Bonds Tumble, VIX Rallies, Oil Tops $80:...
Editor’s note: This story has been corrected to reflect that Fisker is reportedly considering bankruptcy, but has not filed for bankruptcy.
Traders received a cold shower on Thursday as hopes for a rate cut were dashed, with February’s Producer Price Index (PPI) inflation figure significantly exceeding expectations, adding to concerns raised by robust consumer inflation data earlier in the week.