Wall Street falls hard after disappointing inflation rate in the United States

Stock markets in New York plunged Thursday after a disappointing inflation figure from the United States. Figures from the US government showed that consumer prices rose by 8.2 percent in September. That was more than economists had expected. They were counting on a cooling of inflation to 8.1 percent, from 8.3 percent in August. Investors had hoped for a marked slowdown in inflation. That would mean that the US Federal Reserve would not have to raise interest rates as much in the future.

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