U.S. Stocks Open Lower as Inflation Persists
Summary by Ground News
U.S. futures slipped Friday after the government reported that inflation surged 8.6% in May compared with last year, even more than economists had expected. Shares were mostly lower in Asia on Friday, with only Shanghai rising, after stocks tumbled on Wall Street on expectations central banks will focus on battling inflation with interest rate hikes.2 months ago·Washington, United States
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