Stock market falls on Inflation report

After a jump in the consumer inflation rate, stock market falls on Friday. This is due to the concerns of the consumers on how much the Federal Reserve can cut off the interest rates. More than 100 points have lost by the Dow Jones Industrial average. Report says there is huge increase in the price of clothing, prescribed drugs and air tickets.

Senior Economist at PNC Financial Service Group, Robert Dye, said “the economic readings this week painted a mixed picture for investors, spurring some of the market's volatility.”

He also said, "If you take the stronger-than-expected economic data we saw this week in the form of retail sales and add to that the inflation data and then combine that with a somewhat ambiguous statement from the Fed, you get a picture as clear as mud."

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