‘American People Feeling Direct Impact’: Stocks Plunge with Inflation Report, Fed to Raise Rates

Gas prices might be going down for now, but inflation is still on the rise. That’s the consensus from the August Consumer Price Index report that was released Tuesday.

Overall, inflation is still running at an annual rate of over eight percent, mainly because of increased costs for food, electricity, and other goods and services.

The report rattled the stock markets while raising concerns of a possible recession. The Dow Jones Industrial plunged 1,276 points as Tuesday marked the worst day for stocks in over two years.

Read the full story from CBN’s Charlene Aaron:
https://www1.cbn.com/cbnnews/us/2022/september/american-people-feeling-direct-impact-stocks-plunge-as-inflation-growing-worse-fed-to-raise-rates

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