Stocks Decline On Wall Street | Peter Cardillo, Market Economist, Spartan Capital Securities LLC

Instant View: January U.S. CPI shows biggest yearly rise in 4 decades
February 15, 2022
Wall Street drops at open after US inflation
February 15, 2022

Stocks Decline On Wall Street | Peter Cardillo, Market Economist, Spartan Capital Securities LLC

In an exclusive interview on ET NOW, Peter Cardillo, Chief Market Economist, Spartan Capital Securities LLC shares his views on rising US inflation and its impact on the markets. US CPI inflation in January rose 7.5% YoY, its fastest rate in 40 years, spooking investors. He talks about the inflation numbers and discusses if it is being increased by wage inflations or global supply shocks. U.S. consumer prices rose solidly in January, leading to the biggest annual increase in inflation in 40 years, which could fuel financial markets speculation for a 50 basis points interest rate hike from the Federal Reserve next month. Watch the video to know more. Subscribe To ET Now For Latest Updates On Stocks, Business, Trading