U.S. Stocks Tumble: Inflation Fear Grips Markets

U.S. stocks slumped as inflation fears persist. Consumer inflation data raised concerns about rising prices and prompted a drop in stocks across all sectors. The CPI rose by 0.3% in January, exceeding estimates, and the core CPI increased by 0.4%. This impacted expectations for an interest rate cut, causing yields in the U.S. Treasury market to rise. Several companies, including Hasbro and Biogen, also faced losses. Market participants will closely monitor further developments and the Fed's response to inflation.