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Inflation report sends Dow to worst day since June 2020

Inflation report sends Dow to worst day since June 2020 | 13 Sept 2022 | Dow loses 1,200 points, S&P 500 loses 4%, Nasdaq down 5% on inflation report U.S. stocks ended a four-day winning streak after the latest read on inflation came in higher than expected. CME’s FedWatch shows a 32% chance the Fed will raise interest rates by 1% when it meets later this month. On Monday, FedWatch predicted a 0% chance of a 1% increase. The odds of a 75 basis point hike went to 69% from 91%. The Dow Jones Industrial Average tumbled more than 1,200 points. The S&P 500 slid 4% for the worst day this year and the Nasdaq lost 5%.