U.S. Stocks Fall, After Hotter-Than-Expected Inflation Reading

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 13 February 2024

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for Feb. 13. U.S. stocks tumbled, after January’s consumer-price index came in above Wall Street expectations. WSJ Heard on the Street columnist Justin Lahart explains what it means for the Federal Reserve. Plus, there is more trouble for New York Community Bancorp, tied to tougher rent laws in New York City. Housing reporter Will Parker has more. Annmarie Fertoli hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:28.0	app users only. Non-HSPC fees may apply.
0:30.0	U.S. stocks tumble after hotter than expected inflation in January.
0:38.0	For the most part, this doesn't make people think that the Federal Reserve isn't going to cut rates this year, but it did push off those
0:47.4	bets for when the first rate cut will happen.
0:50.8	And more trouble for New York Community Bank Corp tied to tougher rent laws.
0:55.7	Plus, is the Electric Vehicle Revolution still coming?
0:58.8	It's Tuesday, February 13th.
1:00.6	I'm Anne Marie Fertoli for the Wall Street Journal.
1:03.0	This is the PM edition of What's News, the top headlines and business stories that moved the world today. U.S. stocks just closed out their worst CPI day performance since September of 2022,
1:22.0	with a NASDAQ leading the declines.
1:24.0	The Dow shed more than 500 points.
	...

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