Wall Street falls after US inflation. The Dow Jones index, after a record the day before, lost 1.33% around 3:30 p.m.
GMT. The predominantly technological Nasdaqlost 1.59% and the S&P 500 dropped 1.36%. Inflation in January in the United States surprised on the upside, with the consumer price index (CPI) increasing by 0.3%, more than in December and more than expected. Investors now estimated only 33% chance of a Fed rate cut in May, compared to 52% on Monday.