Pre-Market Report – US Inflation Hotter Than Expected
Wall Street's major indices fell sharply overnight following a higher-than-anticipated inflation result, which tempered expectations for imminent interest rate cuts and pushed US Treasury yields higher. The S&P 500, NASDAQ, and Dow Jones fell by 1.37%, 1.80%, and 1.35%, respectively, while the Russell 2000 index fell by 3.96%. The VIX reached its highest level since…