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US Inflation Tick-Up Rattles Global Stocks

Global stock markets decline as US inflation rises, raising concerns about the outlook for the largest global economy. Traders hope the Federal Reserve will determine that inflation is under control and no more interest rate hikes are needed.

by Terry Bingman
Sun, Aug 13, 2023 7:00am
in Stock Market
• 2 mins read
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US Inflation Tick-Up Rattles Global Stocks | FinOracle

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Global Stock Markets Decline Amid Rising U.S. Inflation

Global stock markets experienced a decline on Friday following news of higher U.S. inflation. This development has created unease about the future of the world’s biggest economy. Wall Street futures were mixed, while major markets such as London, Shanghai, Paris, and Hong Kong all saw a decline. Japanese markets were closed for a holiday, while oil prices also edged lower.

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