Heather Long authored the above article, which was posted on the Washington Post website February 14, 2018:
“The consumer price index, which measures how quickly prices are going up in the U.S. economy, rose at a faster than anticipated 2.1 percent in January, compared with a year ago, triggering fears of another rocky run on Wall Street. The Dow Jones industrial average fell more than 100 points at the open, but traders ultimately dismissed the news and the Dow closed up over 250 points.
Inflation around 2 percent is still very low, but Wall Street traders worry that this could be the beginning of a quick run up in wages and prices. There’s a big reassessment going on about what the future holds for the U.S. markets and economy.”
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