Stocks Fall After Inflation Data is Higher Than Expected, Caitlin Ostroff, Wall Street Journal, August 2022 Inflation has continued to increase, month after month. Apparently investors were expecting inflation to slow down, but it has only continued, resulting in a fall in the stock market. The Dow Jones Industrial Average went down 1,276 points, or 3.94%. The S&P 500 dropped 4.32% and the Nasdaq Composite sank 5.16%. The latest figures showed that inflation is easing a little bit but at a slower pace than investors and economists had anticipated. Economists surveyed by The Wall Street Journal had been expecting consumer prices to rise 8% annually in August, but instead the U.S. Labor Department’s release of the consumer-price index for August showed annual inflation (equivalent) at 8.3% that month. Another big part of this is they expect the Fed to stop keeping interest rates down, to stop contributing to inflation as part of the effort to combat it. But with the Fed not lending out money, it will stop keeping investment prices in the economy buoyant.
Libertarian party of Maine says the people are starting to realize that having a 30 trillion debt is really hurting them while repubs and dems say all is ok
