Wall Street

Stock Market Today – 6/22: Stocks Slump As Inflation Woes Mount: Powell Faces Grilling On Capitol Hill

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The Street

By Martin Baccardax Inflation concerns could give back most of yesterday’s gains on Wall Street as U.S. stocks tumble into their worst first half performance since 1970. U.S. equity futures slumped lower Wednesday, potentially giving back most of yesterday’s solid gains, as investor focus returned to the impact of speeding inflation on global economic growth. Fresh inflation readings from South Africa to Great Britain indicated that central bank action, at least to date, has had little impact on consumer price pressures, while digging into the readings showed a broadening of their effects, par…

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